Short Interest in Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Grows By 214.1%

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 2,836 shares, a growth of 214.1% from the July 15th total of 903 shares. Based on an average trading volume of 54,663 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Hang Lung Properties Stock Down 0.4%

Shares of Hang Lung Properties stock traded down $0.02 during trading on Friday, hitting $4.53. 748 shares of the company’s stock traded hands, compared to its average volume of 4,315. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.60 and a quick ratio of 0.60. The firm’s fifty day moving average price is $4.69 and its 200 day moving average price is $5.40. Hang Lung Properties has a twelve month low of $4.26 and a twelve month high of $6.52.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hang Lung Properties to a “hold” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.