Longfor Group Holdings Limited (OTCMKTS:LGFRY) Sees Significant Increase in Short Interest

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 5,600 shares, an increase of 700.0% from the September 30th total of 700 shares. Based on an average daily volume of 11,800 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 11,800 shares, the short-interest ratio is presently 0.5 days.

Longfor Group Stock Down 0.3%

OTCMKTS LGFRY opened at C$12.94 on Thursday. Longfor Group has a twelve month low of C$11.06 and a twelve month high of C$19.42. The stock has a 50-day moving average of C$13.98 and a 200 day moving average of C$13.22.

Longfor Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, October 14th. Investors of record on Monday, August 18th were paid a dividend of $0.1114 per share. This represents a yield of 273.0%. The ex-dividend date of this dividend was Friday, August 15th.

About Longfor Group

Longfor Group Holdings Limited, an investment holding company, engages in the property development, investment, and management businesses in the People's Republic of China. It operates through three segments: Property Development, Investment Property Operation, and Services and Others. The Property Development segment develops and sells office and commercial premises, and residential properties.