Guangdong Investment Limited (OTCMKTS:GGDVY) Sees Large Increase in Short Interest

Guangdong Investment Limited (OTCMKTS:GGDVY) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 2,200 shares, a growth of 29.4% from the August 15th total of 1,700 shares. Based on an average daily trading volume, of 1,900 shares, the short-interest ratio is presently 1.2 days.

Guangdong Investment Stock Performance

Shares of GGDVY opened at $37.50 on Monday. Guangdong Investment has a one year low of $31.78 and a one year high of $58.03. The company has a 50-day simple moving average of $40.03 and a two-hundred day simple moving average of $44.67.

Guangdong Investment Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, October 6th will be issued a $1.1421 dividend. The ex-dividend date of this dividend is Thursday, October 5th. Guangdong Investment’s dividend payout ratio (DPR) is presently 30.15%.

Guangdong Investment Company Profile

Guangdong Investment Limited, an investment holding company, engages in water resources, property investment and development, department store operation, hotel ownership, energy project operation and management, and road and bridge operation businesses. The company's Water Resources segment provides water distribution, sewage treatment, water pipeline installation and consultancy services, constructs water supply and sewage treatment infrastructure, and sells machineries in Mainland China and Hong Kong.