Sun Hung Kai Properties Limited (OTCMKTS:SUHJY) Short Interest Update

Sun Hung Kai Properties Limited (OTCMKTS:SUHJYGet Rating) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 135,200 shares, a decline of 27.5% from the March 31st total of 186,400 shares. Based on an average trading volume of 381,800 shares, the short-interest ratio is presently 0.4 days.

OTCMKTS:SUHJY opened at $11.57 on Monday. The firm has a 50 day simple moving average of $11.93 and a 200-day simple moving average of $12.30. Sun Hung Kai Properties has a 1-year low of $11.19 and a 1-year high of $16.00.

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

Separately, Zacks Investment Research upgraded shares of Sun Hung Kai Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th.

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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