Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Short Interest Up 67.1% in August

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 - ) saw a large increase in short interest in 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. Based on an average daily volume of 83,300 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 83,300 shares, the days-to-cover ratio is presently 0.4 days.

Sun Hung Kai Properties Stock Performance

OTCMKTS:SUHJY opened at $12.38 on Monday. The firm's 50-day moving average is $11.89 and its 200-day moving average is $10.72. Sun Hung Kai Properties has a 52-week low of $8.19 and a 52-week high of $12.50.

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.

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