Short Interest in Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Declines By 58.5%

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 213 shares, a drop of 58.5% from the December 31st total of 513 shares. Based on an average daily volume of 6,345 shares, the days-to-cover ratio is currently 0.0 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 daily volume of 6,345 shares, the days-to-cover ratio is currently 0.0 days.

Hang Lung Properties Stock Down 1.4%

HLPPY stock traded down $0.08 during trading on Thursday, hitting $5.84. 1,384 shares of the company’s stock traded hands, compared to its average volume of 2,825. Hang Lung Properties has a 52 week low of $3.51 and a 52 week high of $6.05. The stock has a fifty day moving average price of $5.78 and a two-hundred day moving average price of $5.51.

Hang Lung Properties Company Profile

Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.