Hang Lung Group Limited (OTCMKTS:HNLGY - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 300 shares, a growth of 200.0% from the May 15th total of 100 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 3.0 days.
Hang Lung Group Trading Up 11.4%
OTCMKTS HNLGY traded up $0.83 on Friday, reaching $8.13. The company had a trading volume of 365 shares, compared to its average volume of 315. The stock's 50 day moving average is $7.03 and its 200-day moving average is $6.89. Hang Lung Group has a 52 week low of $5.28 and a 52 week high of $8.13.
Hang Lung Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, June 26th. Shareholders of record on Friday, May 9th will be paid a $0.3991 dividend. This represents a yield of 7.39%. This is a boost from Hang Lung Group's previous dividend of $0.12. The ex-dividend date is Thursday, May 8th.
About Hang Lung Group
(
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Hang Lung Group Limited, an investment holding company, operates as a property developer in Hong Kong and the Mainland of China. The company operates through Property Leasing and Property Sales segments. It develops properties for sale and lease, such as large-scale commercial, office, and residential developments.
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