Sino Land Co. (OTCMKTS:SNLAY) Sees Significant Decrease in Short Interest

Sino Land Co. (OTCMKTS:SNLAY) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 315 shares, a decline of 94.9% from the May 14th total of 6,129 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 9,469 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of 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, According to data from MarketBeat.com, Sino Land presently has a consensus rating of “Buy”.

Sino Land Price Performance

SNLAY traded down $0.12 on Tuesday, reaching $7.82. The company had a trading volume of 2,417 shares, compared to its average volume of 4,241. Sino Land has a 1 year low of $4.86 and a 1 year high of $8.89. The stock has a 50-day moving average price of $7.96 and a 200-day moving average price of $7.54.

About Sino Land

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.