Sino Land Co. (OTCMKTS:SNLAY) Short Interest Down 74.4% in April

Sino Land Co. (OTCMKTS:SNLAY) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 3,029 shares, a decline of 74.4% from the April 15th total of 11,836 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 4,548 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Sino Land from a “strong sell” rating to a “buy” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Sino Land Stock Performance

SNLAY stock remained flat at $8.24 on Thursday. The company had a trading volume of 1,298 shares, compared to its average volume of 1,738. Sino Land has a 12-month low of $4.70 and a 12-month high of $8.89. The firm’s 50-day moving average price is $7.83 and its two-hundred day moving average price is $7.37.

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.