Short Interest in Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Grows By 487.5%

Hongkong Land Holdings Limited (OTCMKTS:HNGKY - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 4,700 shares, an increase of 487.5% from the March 31st total of 800 shares. Currently, 0.0% of the company's shares are short sold. Based on an average trading volume of 9,400 shares, the days-to-cover ratio is presently 0.5 days.

Hongkong Land Stock Up 4.0 %

Hongkong Land stock traded up $0.95 during trading on Thursday, reaching $24.47. 5,545 shares of the company's stock were exchanged, compared to its average volume of 4,259. Hongkong Land has a 52-week low of $15.41 and a 52-week high of $25.26. The company's 50-day moving average is $21.97 and its two-hundred day moving average is $22.00.

Hongkong Land Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Friday, March 21st will be issued a dividend of $0.85 per share. This is a positive change from Hongkong Land's previous dividend of $0.26. The ex-dividend date is Friday, March 21st.

Hongkong Land Company Profile

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.