Henderson Land Development Co. (OTCMKTS:HLDCY) Short Interest Update

Key Points

• Henderson Land Development Co. experienced a significant increase in short interest, rising by 54.5% to 1,700 shares as of August 15th.
• HSBC Global Research upgraded the company's rating from "hold" to "strong-buy", contributing to an overall average rating of "strong-buy" from analysts.
• The company announced a dividend of $0.0513 per share, representing a yield of 574.0%, which will be paid on September 24th.

Henderson Land Development Co. (OTCMKTS:HLDCY - Get Free Report) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 1,700 shares, agrowthof54.5% from the July 31st total of 1,100 shares. Based on an average trading volume of 82,900 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 82,900 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res raised shares of Henderson Land Development from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Henderson Land Development has an average rating of "Strong Buy".

Henderson Land Development Trading Up 2.4%

Shares of OTCMKTS HLDCY traded up $0.08 during trading on Friday, reaching $3.36. The company had a trading volume of 24,907 shares, compared to its average volume of 34,715. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.18. The business's 50 day moving average price is $3.44 and its 200-day moving average price is $3.10. Henderson Land Development has a 52 week low of $2.47 and a 52 week high of $3.81.

Henderson Land Development Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, September 5th will be paid a $0.0513 dividend. This represents a yield of 574.0%. The ex-dividend date of this dividend is Thursday, September 4th.

About Henderson Land Development

Henderson Land Development Company Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China. The company operates through Property Development, Property Leasing, Department Stores and Supermarket-Cum-Stores Operations, Hotel Room Operation, Other Businesses, and Utility and Energy segments.

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