Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Short Interest Update

Key Points

• Short interest in Sun Hung Kai Properties Ltd. surged by 67.1% in August, increasing from 21,300 to 35,600 shares, indicating rising bearish sentiment among investors.
• The days-to-cover ratio is currently 0.4 days based on an average daily volume of 83,300 shares, suggesting that the short sellers may be able to cover their positions quickly.
• Sun Hung Kai Properties' stock is trading at $12.38, with a 52-week range from a low of $8.19 to a high of $12.50, reflecting some volatility and potential for future performance.

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY - Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 35,600 shares, an increase of 67.1% from the August 15th total of 21,300 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 83,300 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 83,300 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company's shares are short sold.

Sun Hung Kai Properties Stock Performance

Sun Hung Kai Properties stock traded down $0.07 during midday trading on Friday, reaching $12.10. The stock had a trading volume of 10,768 shares, compared to its average volume of 93,276. The company has a fifty day moving average price of $11.94 and a two-hundred day moving average price of $10.78. Sun Hung Kai Properties has a 12 month low of $8.19 and a 12 month high of $12.53.

Analysts Set New Price Targets

Separately, Zacks Research cut Sun Hung Kai Properties from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sun Hung Kai Properties has a consensus rating of "Hold".

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops, sells, and leases properties, including residential estates, offices, shopping malls, industrial offices, and hotels and serviced suites. The company also provides property management services; construction-related services, including landscaping, electrical and mechanical installation, production and installation of wooden doors, and construction plant and machinery leasing; and insurance products to individuals and businesses comprising householder's comprehensive, fire, employees' compensation, travel, personal accident, motor vehicles, contractors' all risks, third party liability, and property all risks.