Short Interest in Sun Hung Kai Properties Limited (OTCMKTS:SUHJY) Expands By 351.3%

Sun Hung Kai Properties Limited (OTCMKTS:SUHJYGet Rating) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 186,400 shares, an increase of 351.3% from the March 15th total of 41,300 shares. Based on an average trading volume of 313,600 shares, the days-to-cover ratio is currently 0.6 days.

SUHJY stock opened at $12.13 on Friday. Sun Hung Kai Properties has a 12 month low of $11.19 and a 12 month high of $16.00. The firm’s 50-day moving average is $12.06 and its 200 day moving average is $12.35.

The business also recently declared a dividend, which was paid on Thursday, March 24th. Investors of record on Thursday, March 10th were paid a $0.1401 dividend. This represents a yield of 5.15%. The ex-dividend date was Wednesday, March 9th.

Separately, Zacks Investment Research raised shares of Sun Hung Kai Properties from a “sell” rating to a “hold” rating in a research note on Tuesday.

About Sun Hung Kai Properties (Get Rating)

Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, Singapore, and internationally. It develops and sells properties, including residential estates, offices, shopping malls, industrial buildings, and hotels and serviced suites. As of June 30, 2021, the company's land bank comprised 57.9 million square feet of gross floor area in Hong Kong; and 75.3 million square feet of gross floor area in Mainland China.

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