Short Interest in Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) Increases By 155.6%

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 - Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 11,500 shares, a growth of 155.6% from the August 15th total of 4,500 shares. Based on an average daily trading volume, of 9,600 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 9,600 shares, the days-to-cover ratio is currently 1.2 days.

Hongkong Land Trading Down 0.4%

Shares of HNGKY traded down $0.14 during midday trading on Thursday, reaching $33.56. 3,249 shares of the stock were exchanged, compared to its average volume of 3,727. Hongkong Land has a twelve month low of $18.12 and a twelve month high of $34.58. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.18. The stock's 50 day simple moving average is $31.68 and its 200 day simple moving average is $27.30.

Hongkong Land Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, October 22nd. Investors of record on Monday, August 25th will be paid a $0.24 dividend. This represents a dividend yield of 328.0%. The ex-dividend date 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.