Longfor Group Holdings Limited (OTCMKTS:LGFRY) Sees Significant Growth in Short Interest

Longfor Group Holdings Limited (OTCMKTS:LGFRY) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 64,753 shares, a growth of 1,409.7% from the June 30th total of 4,289 shares. Based on an average daily trading volume, of 265,362 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Longfor Group Stock Down 1.5%

OTCMKTS LGFRY opened at C$8.41 on Friday. Longfor Group has a 1 year low of C$7.54 and a 1 year high of C$15.49. The company has a fifty day simple moving average of C$9.12 and a 200 day simple moving average of C$10.73.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Longfor Group to a “hold” rating in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Longfor Group

Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.