Short Interest in Henderson Land Development Co. (OTCMKTS:HLDCY) Declines By 56.9%

Henderson Land Development Co. (OTCMKTS:HLDCY) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,081 shares, a decline of 56.9% from the May 14th total of 2,508 shares. Based on an average daily volume of 37,509 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Henderson Land Development from a “sell” rating to a “buy” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Strong Buy”.

Henderson Land Development Trading Down 0.3%

Henderson Land Development stock traded down $0.01 during mid-day trading on Friday, hitting $3.38. 15,166 shares of the company traded hands, compared to its average volume of 26,004. Henderson Land Development has a one year low of $3.20 and a one year high of $4.49. The stock has a fifty day moving average price of $3.90 and a 200-day moving average price of $3.90.

Henderson Land Development Company Profile

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.