Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) Short Interest Up 59.1% in July

Key Points

• Hongkong Land Holdings Ltd. experienced a notable increase in short interest, rising by 59.1% in July, with totals reaching 10,500 shares as of July 31st.
• The stock price of Hongkong Land declined by 2.3%, trading at $30.38, marking a significant decrease from its 12-month high of $34.19.
• The company's debt-to-equity ratio is 0.18, indicating a relatively low level of debt compared to equity, with a current ratio and quick ratio both at 1.30.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 10,500 shares, anincreaseof59.1% from the July 15th total of 6,600 shares. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is currently 2.3 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is currently 2.3 days.

Hongkong Land Price Performance

Hongkong Land stock traded up $0.55 during mid-day trading on Friday, hitting $30.94. 4,174 shares of the company traded hands, compared to its average volume of 3,840. Hongkong Land has a one year low of $17.72 and a one year high of $34.19. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $30.78 and a 200-day moving average price of $25.96.

Hongkong Land Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, August 22nd. This represents a yield of 328.0%.

About Hongkong Land

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.