Short Interest in Hengan International Group Co., Ltd. Unsponsored ADR (OTCMKTS:HEGIY) Declines By 35.3%

Key Points

• Short interest in Hengan International Group Co., Ltd. decreased by 35.3% in September, dropping from 3,400 shares to 2,200 shares.
• The company recently announced an increase in its dividend to $0.4175 per share, payable on October 27th, representing a yield of 522.0%.
• Hengan's stock opened at $17.76 with a one-year low of $12.46 and a high of $17.94, indicating a significant performance range over the year.

Hengan International Group Co., Ltd. Unsponsored ADR (OTCMKTS:HEGIY - ) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 2,200 shares, a decrease of 35.3% from the September 15th total of 3,400 shares. Based on an average trading volume of 18,300 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 18,300 shares, the days-to-cover ratio is currently 0.1 days.

Hengan International Group Price Performance

Shares of HEGIY opened at $17.76 on Wednesday. The stock has a 50-day moving average of $16.28 and a 200-day moving average of $14.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.99 and a current ratio of 1.16. Hengan International Group has a one year low of $12.46 and a one year high of $17.94.

Hengan International Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, October 27th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.4175 per share. The ex-dividend date is Tuesday, September 9th. This is a positive change from Hengan International Group's previous dividend of $0.41. This represents a yield of 522.0%.

Hengan International Group Company Profile

Hengan International Group Company Limited, an investment holding company, manufactures, distributes, and sells personal hygiene products in the People's Republic of China and internationally. The company offers pocket handkerchiefs, box and soft tissue papers, kitchen towels/papers, toilet rolls, first-aid products, enema, garbage and food bags, preservation papers, table cloths and disposable toilet brush, sanitary napkins, pantiliners, overnight pants, wet tissues, maternal and child care products, adult and baby diapers, and cleansing products.

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