Longfor Group Holdings Limited (OTCMKTS:LGFRY) Short Interest Up 407.7% in December

Longfor Group Holdings Limited (OTCMKTS:LGFRY) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 6,255 shares, an increase of 407.7% from the November 30th total of 1,232 shares. Based on an average daily volume of 28,630 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 28,630 shares, the days-to-cover ratio is currently 0.2 days.

Longfor Group Stock Performance

LGFRY stock opened at C$11.26 on Thursday. Longfor Group has a one year low of C$10.85 and a one year high of C$15.49. The firm’s fifty day moving average is C$12.61 and its 200 day moving average is C$13.06.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered Longfor Group to a “neutral” rating in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Longfor Group has a consensus rating of “Hold”.

Longfor Group Company Profile

Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.