Shimao Group Holdings Limited (OTCMKTS:SIOPF) Sees Large Increase in Short Interest

Shimao Group Holdings Limited (OTCMKTS:SIOPF) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 21,320 shares, a growth of 184.3% from the February 26th total of 7,499 shares. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is currently 5.3 days.

Shimao Group Stock Performance

Shares of OTCMKTS:SIOPF opened at $0.03 on Thursday. Shimao Group has a 12 month low of $0.02 and a 12 month high of $0.04. The firm’s 50-day moving average is $0.03 and its 200 day moving average is $0.07.

Shimao Group Company Profile

Shimao Group Holdings Limited (OTCMKTS: SIOPF) is a leading property developer based in Shanghai, China, with a diversified portfolio spanning residential, commercial and hospitality projects. Established in 2001 by entrepreneur Hui Wing Mau, the company has grown to become one of the country’s most recognized real estate names, known for high-quality construction and innovative design. Shimao’s business model encompasses land acquisition, property development and asset management, supported by strategic partnerships and joint ventures.

The company’s core operations focus on the development of upscale residential communities, Grade A office towers and shopping complexes in major Chinese cities.