Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Short Interest Up 111.1% in July

Key Points

• Hang Lung Properties Ltd. saw a significant increase in short interest by 111.1% in July, totaling 11,400 shares as of July 31st.
• The company announced a dividend of $0.0611 per share, payable on October 6th, translating to an impressive dividend yield of 574.0%.
• As of the latest trading session, Hang Lung Properties' stock price is $5.11, with a 1-year trading range between $3.30 and $5.49.

Hang Lung Properties Ltd. (OTCMKTS:HLPPY - ) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 11,400 shares, anincreaseof111.1% from the July 15th total of 5,400 shares. Currently,0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 11,900 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 11,900 shares, the short-interest ratio is currently 1.0 days. Currently,0.0% of the shares of the company are sold short.

Hang Lung Properties Stock Performance

Shares of OTCMKTS HLPPY traded down $0.19 during midday trading on Friday, reaching $5.11. The company had a trading volume of 8,262 shares, compared to its average volume of 5,017. The business's 50-day simple moving average is $4.75 and its 200 day simple moving average is $4.26. Hang Lung Properties has a 1 year low of $3.30 and a 1 year high of $5.49. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

Hang Lung Properties Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, October 6th. Investors of record on Friday, August 15th will be issued a dividend of $0.0611 per share. This represents a dividend yield of 574.0%. The ex-dividend date of this dividend is 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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