Henderson Land Development Co. (OTCMKTS:HLDCY) Short Interest Up 588.2% in August

Key Points

• Short interest in Henderson Land Development Co. surged by 588.2% in August, reaching a total of 11,700 shares from 1,700 shares.
• The company announced a dividend payment of $0.0513 to be paid on September 24th, representing a yield of 574.0%.
• Hsbc Global Research upgraded the stock rating from "hold" to "strong-buy", with a consensus rating of "Strong Buy" from analysts.

Henderson Land Development Co. (OTCMKTS:HLDCY - Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 11,700 shares, a growth of 588.2% from the August 15th total of 1,700 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 40,200 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 40,200 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company's shares are short sold.

Analyst Ratings Changes

Separately, Hsbc Global Res upgraded shares of Henderson Land Development from a "hold" rating to a "strong-buy" rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Henderson Land Development has a consensus rating of "Strong Buy".

Henderson Land Development Price Performance

OTCMKTS HLDCY remained flat at $3.58 during trading on Tuesday. 23,627 shares of the company's stock traded hands, compared to its average volume of 25,163. The stock has a 50 day simple moving average of $3.42 and a two-hundred day simple moving average of $3.14. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.18. Henderson Land Development has a 1-year low of $2.47 and a 1-year high of $3.81.

Henderson Land Development Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, September 5th will be given a $0.0513 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a dividend yield of 574.0%.

Henderson Land Development Company Profile

Henderson Land Development Company Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China. The company operates through Property Development, Property Leasing, Department Stores and Supermarket-Cum-Stores Operations, Hotel Room Operation, Other Businesses, and Utility and Energy segments.