Fang Holdings Limited (NYSE:SFUN – Get Rating) was the target of a large increase in short interest in April. As of April 30th, there was short interest totalling 23,400 shares, an increase of 34.5% from the April 15th total of 17,400 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is currently 4.7 days.
Shares of NYSE SFUN opened at $2.90 on Monday. Fang has a 1-year low of $2.83 and a 1-year high of $12.00. The company has a 50-day moving average of $3.64 and a two-hundred day moving average of $4.03.
Several institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in shares of Fang by 1.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 151,330 shares of the information services provider’s stock valued at $577,000 after acquiring an additional 2,800 shares during the period. Bank of America Corp DE grew its stake in shares of Fang by 2,758,733.3% during the fourth quarter. Bank of America Corp DE now owns 82,765 shares of the information services provider’s stock worth $315,000 after purchasing an additional 82,762 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Fang during the second quarter worth $294,000. 61.18% of the stock is owned by institutional investors and hedge funds.
Fang Holdings Limited operates a real estate Internet portal in the People's Republic of China. The company's portal offers marketing, listing, financial, and e-commerce, as well as other value-added services. It supports active online communities and networks of users seeking information on and other value-added services for the real estate, and home furnishing and improvement sectors.
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