Hysan Development Company Limited (OTCMKTS:HYSNY) Sees Significant Growth in Short Interest

Hysan Development Company Limited (OTCMKTS:HYSNY) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 458 shares, a growth of 11,350.0% from the August 15th total of 4 shares. Based on an average daily trading volume, of 307 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut Hysan Development from a “buy” rating to a “sell” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Hysan Development presently has an average rating of “Sell”.

Hysan Development Price Performance

Shares of Hysan Development stock opened at $3.88 on Friday. Hysan Development has a 12-month low of $3.55 and a 12-month high of $6.00. The company has a 50-day moving average of $4.31 and a two-hundred day moving average of $4.52.

About Hysan Development

Hysan Development Company Limited is a Hong Kong–based property investment, management and development firm with a primary focus on the prime commercial and retail district of Causeway Bay. Established in the early 20th century by Harry Lee Hysan, the company has grown into one of the island’s leading landlords, specializing in high-end retail, office and residential properties. Its strategic portfolio spans flagship shopping arcades, Grade A office towers and luxury residential schemes.

The company’s core assets include integrated developments such as Lee Gardens, Hysan Place and Lee Theatre, which combine boutique retail outlets, fine-dining restaurants and premium office space under one roof.