Short Interest in Henderson Land Development Co. (OTCMKTS:HLDCY) Rises By 484.7%

Henderson Land Development Co. (OTCMKTS:HLDCY) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 303,035 shares, an increase of 484.7% from the July 15th total of 51,830 shares. Based on an average daily volume of 182,082 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.0% of the company’s stock are short sold.

Henderson Land Development Stock Down 1.2%

OTCMKTS HLDCY traded down $0.04 on Thursday, reaching $3.50. The stock had a trading volume of 88,323 shares, compared to its average volume of 40,813. Henderson Land Development has a 12-month low of $3.08 and a 12-month high of $4.49. The business’s 50-day moving average price is $3.39 and its 200 day moving average price is $3.79. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.33 and a quick ratio of 3.33.

About Henderson Land Development

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.