Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Short Interest Down 28.0% in September

Key Points

• Short Interest Decline: Hang Lung Properties Ltd. reported a 28.0% decrease in short interest for September, dropping from 2,500 shares to 1,800 shares.
• Stock Performance: The company's shares reached $5.66 during midday trading, with a 12-month range between $3.51 and $5.84.
• Dividend Cut: Hang Lung Properties declared a dividend of $0.0611 per share, with a high yield of 574.0%, which was paid on October 6th.

Hang Lung Properties Ltd. (OTCMKTS:HLPPY - ) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 1,800 shares, a decline of 28.0% from the September 15th total of 2,500 shares. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is presently 0.5 days.

Hang Lung Properties Stock Performance

Shares of HLPPY traded up $0.02 during mid-day trading on Thursday, reaching $5.66. 375 shares of the company's stock traded hands, compared to its average volume of 11,814. The business's 50-day moving average price is $5.43 and its 200-day moving average price is $4.70. Hang Lung Properties has a 12 month low of $3.51 and a 12 month high of $5.84.

Hang Lung Properties Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, October 6th. Stockholders of record on Friday, August 15th were issued a dividend of $0.0611 per share. This represents a dividend yield of 574.0%. The ex-dividend date of this dividend was Thursday, August 14th.

Hang Lung Properties Company Profile

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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