Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Sees Large Decrease in Short Interest

Key Points

• Hang Lung Properties Ltd. experienced a significant 72.6% decrease in short interest, dropping from 7,300 shares to 2,000 shares as of August 31st.
• The company announced a dividend payment of $0.0611 per share, yielding 574.0%, scheduled for October 6th to shareholders on record as of August 15th.
• Hang Lung Properties' stock price opened at $5.67, with a 12-month range between $3.30 and $5.69.

Hang Lung Properties Ltd. (OTCMKTS:HLPPY - ) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,000 shares, a drop of 72.6% from the August 15th total of 7,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are short sold.

Hang Lung Properties Price Performance

Shares of Hang Lung Properties stock opened at $5.67 on Friday. Hang Lung Properties has a 12 month low of $3.30 and a 12 month high of $5.69. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The business's fifty day simple moving average is $5.05 and its 200 day simple moving average is $4.43.

Hang Lung Properties Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, August 15th will be given a $0.0611 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a yield of 574.0%.

About Hang Lung Properties

Hang Lung Properties Limited, an investment holding company, engages in the property investment, development, and management activities in Hong Kong and Mainland China. It operates through Property Leasing and Property Sales segments. The company is involved in the development, sale, and leasing of properties.

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