Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Short Interest Update

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 32,334 shares, a drop of 38.7% from the November 30th total of 52,786 shares. Based on an average daily volume of 100,791 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 100,791 shares, the short-interest ratio is currently 0.3 days.

Sun Hung Kai Properties Stock Up 0.2%

OTCMKTS SUHJY traded up $0.03 on Friday, reaching $12.55. The company had a trading volume of 52,456 shares, compared to its average volume of 50,023. Sun Hung Kai Properties has a 1 year low of $8.19 and a 1 year high of $13.55. The firm has a 50-day moving average of $12.59 and a 200-day moving average of $12.12.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SUHJY shares. UBS Group cut Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. CLSA raised shares of Sun Hung Kai Properties to a “moderate buy” rating in a research note on Tuesday, November 11th. Finally, Zacks Research lowered Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sun Hung Kai Properties currently has a consensus rating of “Hold”.

About Sun Hung Kai Properties

Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.