Hengan International Group Co., Ltd. Unsponsored ADR (OTCMKTS:HEGIY) Sees Large Decrease in Short Interest

Key Points

• Hengan International Group Co., Ltd. saw a significant decrease in short interest of 84.1% in September, bringing total short shares down to 3,400 from 21,400 at the end of August.
• The company recently declared a dividend increase to $0.4175 from $0.41, with an impressive dividend yield of 522.0%.
• Hengan's stock price remained stable at $16.27, with a 12-month trading range between $12.46 and $18.50.

Hengan International Group Co., Ltd. Unsponsored ADR (OTCMKTS:HEGIY - ) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 3,400 shares, a decrease of 84.1% from the August 31st total of 21,400 shares. Based on an average daily volume of 82,200 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 82,200 shares, the days-to-cover ratio is presently 0.0 days.

Hengan International Group Stock Performance

Shares of OTCMKTS HEGIY remained flat at $16.27 during mid-day trading on Wednesday. 6,932 shares of the stock traded hands, compared to its average volume of 25,227. Hengan International Group has a 12 month low of $12.46 and a 12 month high of $18.50. The firm's fifty day moving average price is $15.73 and its two-hundred day moving average price is $14.61. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.01.

Hengan International Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, October 27th. Investors of record on Wednesday, September 10th will be issued a $0.4175 dividend. This is an increase from Hengan International Group's previous dividend of $0.41. This represents a dividend yield of 522.0%. The ex-dividend date of this dividend is Tuesday, September 9th.

Hengan International Group Company Profile

Hengan International Group Company Limited, an investment holding company, manufactures, distributes, and sells personal hygiene products in the People's Republic of China and internationally. The company offers pocket handkerchiefs, box and soft tissue papers, kitchen towels/papers, toilet rolls, first-aid products, enema, garbage and food bags, preservation papers, table cloths and disposable toilet brush, sanitary napkins, pantiliners, overnight pants, wet tissues, maternal and child care products, adult and baby diapers, and cleansing products.

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