UOL Group Limited (OTCMKTS:UOLGY) Sees Large Drop in Short Interest

UOL Group Limited (OTCMKTS:UOLGY) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 1,052 shares, a decrease of 68.3% from the June 15th total of 3,318 shares. Based on an average daily volume of 17,669 shares, the days-to-cover ratio is presently 0.1 days.

UOL Group Price Performance

UOLGY opened at $29.01 on Tuesday. The business’s 50-day moving average price is $31.09 and its two-hundred day moving average price is $31.84. UOL Group has a 1 year low of $20.93 and a 1 year high of $38.25.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of UOL Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, UOL Group presently has a consensus rating of “Buy”.

UOL Group Company Profile

UOL Group Limited is a Singapore-based diversified property company with core activities in real estate development, hospitality operations and asset management. The company develops residential, commercial and mixed-use projects, and holds investment properties in strategic locations across Singapore and other Asia-Pacific markets. Its real estate portfolio encompasses condominiums, office towers and retail spaces, reflecting a focus on urban regeneration and integrated community living.

In property development, UOL Group has delivered a range of landmark projects, from city-fringe residential estates to high-end commercial complexes.