Longfor Group Holdings Limited (OTCMKTS:LGFRY) Short Interest Update

Longfor Group Holdings Limited (OTCMKTS:LGFRY) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 4,289 shares, a drop of 75.0% from the June 15th total of 17,126 shares. Based on an average daily volume of 200,200 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Longfor Group Stock Up 0.6%

Shares of LGFRY stock traded up C$0.04 during mid-day trading on Friday, reaching C$7.75. 48,352 shares of the company were exchanged, compared to its average volume of 62,371. The business’s 50 day simple moving average is C$9.76 and its 200 day simple moving average is C$10.92. Longfor Group has a fifty-two week low of C$7.54 and a fifty-two week high of C$15.49.

Wall Street Analyst Weigh In

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

Longfor Group Company Profile

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.