Sun Hung Kai Properties Limited (OTCMKTS:SUHJY) Short Interest Down 43.7% in May

Sun Hung Kai Properties Limited (OTCMKTS:SUHJYGet Rating) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 100,500 shares, a decline of 43.7% from the April 30th total of 178,600 shares. Based on an average daily trading volume, of 504,800 shares, the short-interest ratio is currently 0.2 days.

Separately, Zacks Investment Research cut shares of Sun Hung Kai Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th.

Shares of SUHJY traded up $0.06 during mid-day trading on Friday, hitting $12.39. The company’s stock had a trading volume of 52,600 shares, compared to its average volume of 192,933. The company’s 50-day moving average is $12.01 and its 200-day moving average is $12.15. Sun Hung Kai Properties has a 52-week low of $11.11 and a 52-week high of $16.00.

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

Sun Hung Kai Properties Company Profile (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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