Hang Lung Properties Limited (OTCMKTS:HLPPY) Short Interest Up 61.8% in April

Hang Lung Properties Limited (OTCMKTS:HLPPYGet Rating) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 46,100 shares, a growth of 61.8% from the March 31st total of 28,500 shares. Based on an average daily volume of 148,300 shares, the days-to-cover ratio is presently 0.3 days.

OTCMKTS:HLPPY traded down $0.52 during trading hours on Friday, hitting $9.58. The stock had a trading volume of 44,428 shares, compared to its average volume of 64,667. The company has a 50 day simple moving average of $10.37 and a two-hundred day simple moving average of $10.62. Hang Lung Properties has a one year low of $9.10 and a one year high of $14.05.

The firm also recently declared a dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 2nd will be issued a $0.3649 dividend. The ex-dividend date of this dividend is Friday, April 29th. This represents a dividend yield of 4.39%.

About Hang Lung Properties (Get Rating)

Hang Lung Properties Limited, an investment holding company, engages in the property investment, development, and management activities in Hong Kong and Mainland China. The company operates through Property Leasing and Property Sales segments. The company is involved in the development, sale, and leasing of properties.

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