Short Interest in Sino Land Co. (OTCMKTS:SNLAY) Expands By 143.2%

Sino Land Co. (OTCMKTS:SNLAY) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 5,046 shares, an increase of 143.2% from the February 26th total of 2,075 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.0% of the company’s stock are sold short.

Sino Land Stock Up 3.0%

Shares of Sino Land stock opened at $7.58 on Thursday. The firm’s 50 day moving average price is $7.72 and its 200-day moving average price is $7.02. Sino Land has a 52-week low of $4.50 and a 52-week high of $8.45.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Sino Land from a “strong sell” rating to a “buy” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Sino Land presently has an average rating of “Buy”.

Sino Land Company Profile

Sino Land Company Limited is a Hong Kong–based property developer and a core member of the privately held Sino Group, which was founded in 1971. The company is publicly listed on the Hong Kong Stock Exchange, and its American Depositary Receipt trades on the OTC market under the symbol SNLAY. Over several decades, Sino Land has established itself as one of the city’s leading real estate firms, leveraging the resources and development experience of its parent group.

The company’s primary activities encompass property development, investment and asset management across a diverse portfolio of residential, office, retail and industrial projects.