Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Sees Large Increase in Short Interest

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,548 shares, an increase of ∞ from the April 15th total of 0 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 3,008 shares, the days-to-cover ratio is currently 0.5 days.

Hang Lung Properties Stock Up 2.6%

Shares of HLPPY traded up $0.15 during mid-day trading on Friday, hitting $5.70. 691 shares of the company’s stock were exchanged, compared to its average volume of 1,453. Hang Lung Properties has a 52 week low of $3.82 and a 52 week high of $6.52. The stock’s 50-day simple moving average is $5.75 and its 200-day simple moving average is $5.83.

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.