Sino Land Co. (OTCMKTS:SNLAY) Short Interest Down 86.2% in February

Key Points

• Short interest plunged 86.2% — short interest fell to 2,075 shares as of Feb 27 (from 14,990 on Feb 12), giving a short-interest ratio of 0.1 days and effectively 0.0% of shares short.
• Goldman Sachs upgraded the stock — the firm raised Sino Land from a "strong sell" to a "buy" on Feb 18, and MarketBeat shows an average analyst rating of "Buy".
• Sino Land's ADR traded at $7.80 midday, within a 52-week range of $4.50–$8.45, with a 50-day SMA of $7.59 and 200-day SMA of $6.90.

Sino Land Co. (OTCMKTS:SNLAY - Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 2,075 shares, a drop of 86.2% from the February 12th total of 14,990 shares. Based on an average daily trading volume, of 15,220 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company's shares are short sold. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 15,220 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

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

Sino Land Stock Performance

Shares of SNLAY traded up $0.25 during midday trading on Tuesday, hitting $7.80. The company had a trading volume of 1,965 shares, compared to its average volume of 3,853. Sino Land has a 1 year low of $4.50 and a 1 year high of $8.45. The company's 50-day simple moving average is $7.59 and its 200-day simple moving average is $6.90.

Sino Land Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.