Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) Short Interest Update

Key Points

• Hongkong Land Holdings Ltd. saw a significant increase in short interest, rising by 155.6% in August, bringing the total to 11,500 shares.
• The company has recently announced a dividend payment of $0.24, scheduled for October 22nd, which yields 328.0%.
• As of recent trading, Hongkong Land's stock is priced at $32.94, with a 52-week range between $18.00 and $34.19.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - ) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 11,500 shares, an increase of 155.6% from the August 15th total of 4,500 shares. Based on an average trading volume of 9,600 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 9,600 shares, the days-to-cover ratio is presently 1.2 days.

Hongkong Land Stock Performance

HNGKY stock traded up $0.90 during mid-day trading on Friday, hitting $32.94. The stock had a trading volume of 3,041 shares, compared to its average volume of 3,929. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.30. Hongkong Land has a 52 week low of $18.00 and a 52 week high of $34.19. The firm has a fifty day simple moving average of $31.48 and a 200 day simple moving average of $27.00.

Hongkong Land Cuts Dividend

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

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.

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