Kerry Properties Limited (OTCMKTS:KRYPF – Get Rating) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totalling 200 shares, a drop of 50.0% from the April 15th total of 400 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is presently 0.0 days.
OTCMKTS:KRYPF remained flat at $$2.68 during mid-day trading on Friday. The company’s stock had a trading volume of 4,500 shares, compared to its average volume of 8,855. The stock’s fifty day moving average price is $2.68 and its two-hundred day moving average price is $2.68. Kerry Properties has a 12-month low of $2.48 and a 12-month high of $3.47.
Separately, The Goldman Sachs Group lowered Kerry Properties from a “buy” rating to a “neutral” rating in a research note on Thursday, February 10th.
Kerry Properties Limited, an investment holding company, engages in the development, investment, management, and trading of properties in Hong Kong, Mainland China, and the Asia Pacific region. The company also owns and operates hotels; and offers logistics and international freight forwarding, consultancy, administrative support, project management, financial, IT system and consultancy, estate agency, and construction services.
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