Short Interest in Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Drops By 36.0%

Key Points

• Short interest in Hang Lung Properties Ltd. decreased by 36.0% in August, with a total of 7,300 shares reported as of August 15th.
• The company announced a dividend payment of $0.0611 per share with a yield of 574.0%, to be paid on October 6th.
• Hang Lung Properties' stock has experienced a recent increase of 5.0%, with current trading at $5.43 and a 52-week range of $3.30 to $5.49.

Hang Lung Properties Ltd. (OTCMKTS:HLPPY - ) was the target of a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 7,300 shares, adeclineof36.0% from the July 31st total of 11,400 shares. Based on an average trading volume of 7,600 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 7,600 shares, the short-interest ratio is presently 1.0 days.

Hang Lung Properties Trading Up 5.0%

OTCMKTS HLPPY opened at $5.43 on Friday. Hang Lung Properties has a 52 week low of $3.30 and a 52 week high of $5.49. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The business's fifty day simple moving average is $5.00 and its 200-day simple moving average is $4.39.

Hang Lung Properties Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.0611 per share. This represents a dividend yield of 574.0%. The ex-dividend date is Thursday, August 14th.

Hang Lung Properties Company Profile

Hang Lung Properties Limited, an investment holding company, engages in the property investment, development, and management activities in Hong Kong and Mainland China. It operates through Property Leasing and Property Sales segments. The company is involved in the development, sale, and leasing of properties.

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