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

Key Points

• Henderson Land Development experienced a significant decrease in short interest of 41.0% from August 31 to September 15, dropping to 6,900 shares.
• HSBC Global Res upgraded the company's rating from "hold" to "strong-buy", contributing to a consensus rating of "Strong Buy".
• The company recently declared a dividend of $0.0513 per share, representing an impressive yield of 574.0%.

Henderson Land Development Co. (OTCMKTS:HLDCY - Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,900 shares, a decrease of 41.0% from the August 31st total of 11,700 shares. Based on an average daily volume of 62,500 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 62,500 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res raised Henderson Land Development from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Henderson Land Development has a consensus rating of "Strong Buy".

Henderson Land Development Stock Up 0.9%

Shares of OTCMKTS:HLDCY traded up $0.03 during trading on Friday, hitting $3.48. The stock had a trading volume of 7,348 shares, compared to its average volume of 25,853. Henderson Land Development has a 12 month low of $2.47 and a 12 month high of $3.81. The firm's fifty day moving average is $3.47 and its 200 day moving average is $3.20.

Henderson Land Development Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, September 5th were given a dividend of $0.0513 per share. This represents a yield of 574.0%. The ex-dividend date of this dividend was Thursday, September 4th.

Henderson Land Development Company Profile

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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