Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Short Interest Down 58.8% in June

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 25,752 shares, a drop of 58.8% from the May 31st total of 62,463 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 302,964 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Sun Hung Kai Properties Price Performance

Shares of OTCMKTS SUHJY opened at $14.70 on Monday. Sun Hung Kai Properties has a 1-year low of $11.00 and a 1-year high of $18.89. The business’s 50 day moving average is $16.64 and its two-hundred day moving average is $15.95.

About Sun Hung Kai Properties

Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.