Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Short Interest Down 53.3% in July

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 903 shares, a drop of 53.3% from the June 30th total of 1,935 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,379 shares, the days-to-cover ratio is currently 0.3 days.

Hang Lung Properties Stock Down 0.1%

Shares of OTCMKTS HLPPY traded down $0.01 during mid-day trading on Tuesday, reaching $4.64. 1,732 shares of the company were exchanged, compared to its average volume of 4,437. Hang Lung Properties has a 52 week low of $4.26 and a 52 week high of $6.52. The company’s 50 day moving average price is $4.79 and its 200 day moving average price is $5.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.60 and a current ratio of 0.60.

About Hang Lung Properties

Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.