Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Short Interest Down 60.4% in November

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,900 shares, a drop of 60.4% from the October 31st total of 4,800 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is currently 0.4 days.

Hongkong Land Stock Down 2.5 %

Shares of OTCMKTS HNGKY traded down $0.58 during midday trading on Friday, reaching $22.76. 3,900 shares of the company traded hands, compared to its average volume of 5,049. Hongkong Land has a 12 month low of $13.85 and a 12 month high of $25.26. The stock’s 50-day simple moving average is $21.30 and its 200-day simple moving average is $18.63.

Hongkong Land Company Profile

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.