Hang Lung Properties Limited (OTCMKTS:HLPPY) Short Interest Update

Hang Lung Properties Limited (OTCMKTS:HLPPY) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 189,900 shares, an increase of 15,725.0% from the August 15th total of 1,200 shares. Based on an average daily volume of 320,000 shares, the short-interest ratio is presently 0.6 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Hang Lung Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, May 30th.

Hang Lung Properties Stock Up 3.7 %

HLPPY stock opened at $6.71 on Friday. Hang Lung Properties has a 12 month low of $6.10 and a 12 month high of $10.34. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $6.95 and a 200 day moving average price of $8.12.

Hang Lung Properties Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 10th. Investors of record on Tuesday, September 12th will be issued a dividend of $0.1016 per share. The ex-dividend date of this dividend is Monday, September 11th.

Hang Lung Properties Company Profile

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