Hang Lung Properties Ltd. (OTCMKTS:HLPPY – Get Free Report) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 56 shares, a drop of 94.1% from the August 15th total of 945 shares. Based on an average daily trading volume, of 7,999 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised Hang Lung Properties to a “hold” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
Get Our Latest Stock Analysis on HLPPY
Hang Lung Properties Trading Up 0.2%
Hang Lung Properties Company Profile
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.
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