Longfor Group Holdings Limited (OTCMKTS:LGFRY) Short Interest Update

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 5,600 shares, an increase of 700.0% from the September 30th total of 700 shares. Based on an average trading volume of 11,800 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 11,800 shares, the days-to-cover ratio is presently 0.5 days.

Longfor Group Stock Up 1.0%

OTCMKTS:LGFRY opened at C$13.16 on Tuesday. Longfor Group has a 52 week low of C$11.06 and a 52 week high of C$19.42. The firm’s 50-day simple moving average is C$14.00 and its 200 day simple moving average is C$13.22.

Longfor Group Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 14th. Shareholders of record on Monday, August 18th were issued a $0.1114 dividend. This represents a yield of 273.0%. The ex-dividend date of this dividend was Friday, August 15th.

About Longfor Group

Longfor Group Holdings Limited, an investment holding company, engages in the property development, investment, and management businesses in the People's Republic of China. It operates through three segments: Property Development, Investment Property Operation, and Services and Others. The Property Development segment develops and sells office and commercial premises, and residential properties.