China Overseas Property Holdings Limited (OTCMKTS:CNPPF) Short Interest Update

China Overseas Property Holdings Limited (OTCMKTS:CNPPFGet Rating) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 588,200 shares, a decline of 57.5% from the March 15th total of 1,383,200 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 2,941.0 days.

CNPPF has been the topic of several recent research reports. Nomura raised shares of China Overseas Property from a “neutral” rating to a “buy” rating in a research note on Monday, March 28th. The Goldman Sachs Group raised shares of China Overseas Property from a “sell” rating to a “neutral” rating in a research note on Friday, March 25th. Finally, Citigroup raised shares of China Overseas Property from a “neutral” rating to a “buy” rating in a research note on Friday, December 31st.

Shares of OTCMKTS CNPPF opened at $1.19 on Thursday. China Overseas Property has a one year low of $0.70 and a one year high of $1.34. The company’s fifty day moving average is $1.10 and its two-hundred day moving average is $0.97.

About China Overseas Property (Get Rating)

China Overseas Property Holdings Limited, an investment holding company, provides property management services in Hong Kong, Macau, and the People's Republic of China. It operates through Property Management Services, Value-Added Services, and Car Parking Spaces Trading Business segments. The Property Management Services segment offers security, repair and maintenance, cleaning, and garden landscape maintenance services to mid-to high-end residential communities, commercial properties, government properties, and construction sites.

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