Sino Land Co. (OTCMKTS:SNLAY) Sees Large Increase in Short Interest

Key Points

• Short interest surged to 11,585 shares as of March 31, a 129.6% increase from 5,046 on March 15, with a short-interest ratio of about 3.2 days.
• Goldman Sachs upgraded Sino Land from "strong sell" to "buy" on Feb. 18, and MarketBeat shows a consensus rating of "Buy."
• SNLAY opened at $8.03, trades around its 50-day/200-day moving averages of $7.76/$7.12, and has a 52-week range of $4.50 to $8.45.

Sino Land Co. (OTCMKTS:SNLAY - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 11,585 shares, a growth of 129.6% from the March 15th total of 5,046 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,615 shares, the short-interest ratio is presently 3.2 days.

Sino Land Trading Down 0.2%

OTCMKTS SNLAY opened at $8.03 on Friday. The business's fifty day moving average is $7.76 and its 200 day moving average is $7.12. Sino Land has a fifty-two week low of $4.50 and a fifty-two week high of $8.45.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Sino Land from a "strong sell" rating to a "buy" rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Sino Land presently has a consensus rating of "Buy".

About Sino Land

Sino Land Company Limited is a Hong Kong–based property developer and a core member of the privately held Sino Group, which was founded in 1971. The company is publicly listed on the Hong Kong Stock Exchange, and its American Depositary Receipt trades on the OTC market under the symbol SNLAY. Over several decades, Sino Land has established itself as one of the city's leading real estate firms, leveraging the resources and development experience of its parent group.

The company's primary activities encompass property development, investment and asset management across a diverse portfolio of residential, office, retail and industrial projects.

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