Short Interest in Sino Land Co. (OTCMKTS:SNLAY) Decreases By 86.2%

Sino Land Co. (OTCMKTS:SNLAY) saw a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 2,075 shares, a drop of 86.2% from the February 12th total of 14,990 shares. Based on an average trading volume of 15,220 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 15,220 shares, the days-to-cover ratio is currently 0.1 days.

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 report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

Sino Land Trading Down 7.1%

Sino Land stock opened at $7.25 on Thursday. The firm has a 50 day simple moving average of $7.64 and a 200 day simple moving average of $6.92. Sino Land has a 1-year low of $4.50 and a 1-year high of $8.45.

About Sino Land

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.