Short Interest in Sun Hung Kai Properties Limited (OTCMKTS:SUHJY) Drops By 74.0%

Sun Hung Kai Properties Limited (OTCMKTS:SUHJY) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 64,800 shares, a decline of 74.0% from the March 31st total of 249,500 shares. Based on an average daily trading volume, of 442,800 shares, the short-interest ratio is currently 0.1 days.

Sun Hung Kai Properties Price Performance

Shares of Sun Hung Kai Properties stock traded up $0.04 during trading on Thursday, reaching $9.19. 222,397 shares of the company’s stock were exchanged, compared to its average volume of 233,278. Sun Hung Kai Properties has a 1-year low of $8.84 and a 1-year high of $14.12. The firm’s 50-day moving average price is $9.60 and its 200 day moving average price is $9.90.

Sun Hung Kai Properties Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.1014 per share. The ex-dividend date of this dividend was Tuesday, March 12th.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops and sells properties, including residential estates, offices, shopping malls, industrial offices, and hotels and serviced suites. The company's land bank comprises 67.5 million square feet of gross floor area in Hong Kong.