Hang Lung Group Limited (OTCMKTS:HNLGY) Sees Significant Drop in Short Interest

Hang Lung Group Limited (OTCMKTS:HNLGY - Get Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 100 shares, a drop of 92.3% from the April 30th total of 1,300 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Hang Lung Group Stock Performance

Shares of OTCMKTS HNLGY remained flat at $7.10 during trading on Friday. The firm's fifty day moving average price is $6.96 and its 200 day moving average price is $6.83. Hang Lung Group has a 52-week low of $5.28 and a 52-week high of $7.65.

Hang Lung Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 26th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.3991 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a dividend yield of 7.39%. This is a positive change from Hang Lung Group's previous dividend of $0.12.

About Hang Lung Group

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.