Short Interest in Nam Tai Property Inc (NYSE:NTP) Increases By 7.0%

Nam Tai Property Inc (NYSE:NTP) saw a significant growth in short interest during the month of November. As of November 29th, there was short interest totalling 112,700 shares, a growth of 7.0% from the November 14th total of 105,300 shares. Based on an average daily trading volume, of 18,500 shares, the short-interest ratio is presently 6.1 days. Currently, 0.4% of the company’s shares are short sold.

NYSE NTP traded down $0.13 on Friday, reaching $8.12. 37,912 shares of the company were exchanged, compared to its average volume of 18,461. The business’s fifty day moving average price is $8.87 and its 200 day moving average price is $9.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.70 and a current ratio of 0.70. Nam Tai Property has a fifty-two week low of $7.89 and a fifty-two week high of $10.75.

Nam Tai Property (NYSE:NTP) last released its quarterly earnings data on Monday, October 28th. The electronics maker reported ($0.17) earnings per share for the quarter.

A number of large investors have recently bought and sold shares of NTP. Tower Research Capital LLC TRC purchased a new stake in Nam Tai Property in the third quarter valued at $41,000. Millennium Management LLC purchased a new stake in Nam Tai Property in the third quarter valued at $114,000. Northern Trust Corp raised its position in Nam Tai Property by 20.0% in the second quarter. Northern Trust Corp now owns 25,985 shares of the electronics maker’s stock valued at $253,000 after purchasing an additional 4,334 shares during the period. Royal Bank of Canada raised its position in Nam Tai Property by 323.3% in the second quarter. Royal Bank of Canada now owns 29,884 shares of the electronics maker’s stock valued at $292,000 after purchasing an additional 22,825 shares during the period. Finally, Moab Capital Partners LLC raised its position in Nam Tai Property by 1.0% in the second quarter. Moab Capital Partners LLC now owns 138,254 shares of the electronics maker’s stock valued at $1,348,000 after purchasing an additional 1,337 shares during the period. Institutional investors own 36.47% of the company’s stock.

Nam Tai Property Company Profile

Nam Tai Property Inc, through its subsidiaries, operates as a property development company in the People's Republic of China. The company owns and develops technology parks. It focuses on developing two parcels of land into commercial complexes in Gushu and Guangming, Shenzhen, as well as renting commercial complexes.

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