Shangri-La Asia Ltd. (OTCMKTS:SHALY) Sees Significant Increase in Short Interest

Key Points

• Short interest rose 102.8% to 438 shares as of March 31 (from 216 on March 15), producing a short-interest ratio of 10.7 days based on average daily volume of 41 shares and roughly 0.0% of shares reported short.
• SHALY opened at $11.85, trading in a 12-month range of $10.40–$14.84 with 50- and 200-day moving averages at $11.56; Shangri‑La Asia is a Hong Kong–based luxury hotel operator (Shangri‑La, Kerry Hotels, Hotel Jen, Traders) with properties in over 20 countries.

Shangri-La Asia Ltd. (OTCMKTS:SHALY - Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 438 shares, an increase of 102.8% from the March 15th total of 216 shares. Based on an average daily trading volume, of 41 shares, the short-interest ratio is presently 10.7 days. Approximately 0.0% of the shares of the stock are short sold.

Shangri-La Asia Stock Performance

SHALY stock opened at $11.85 on Friday. Shangri-La Asia has a 12-month low of $10.40 and a 12-month high of $14.84. The business's 50-day moving average is $11.56 and its 200 day moving average is $11.56.

Shangri-La Asia Company Profile

Shangri-La Asia Limited is a Hong Kong–based hospitality group principally engaged in the development, ownership and operation of luxury hotels, resorts and serviced apartments. The company's flagship brand, Shangri-La Hotels and Resorts, encompasses properties that feature high-end accommodations, specialty dining venues, spa and wellness facilities, and meeting and event spaces tailored for both leisure and business travelers. In addition to its core Shangri-La portfolio, the company manages a range of complementary brands, including Kerry Hotels, Hotel Jen and Traders Hotels, each designed to address distinct market segments within the hotel industry.

Since its establishment in 1971 by entrepreneur Robert Kuok, Shangri-La Asia has expanded its footprint across more than 20 countries and territories.

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