Short Interest in Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Declines By 65.1%
by Doug Wharley · The Cerbat GemHang Lung Properties Ltd. (OTCMKTS:HLPPY – Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 433 shares, a decrease of 65.1% from the November 30th total of 1,239 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 92,481 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 92,481 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Hang Lung Properties Stock Performance
Shares of Hang Lung Properties stock traded down $0.09 during trading on Friday, reaching $5.69. The company’s stock had a trading volume of 912 shares, compared to its average volume of 28,811. The company has a 50-day moving average price of $5.72 and a two-hundred day moving average price of $5.31. Hang Lung Properties has a fifty-two week low of $3.51 and a fifty-two week high of $6.02.
Hang Lung Properties Company Profile
Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.
Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.