Longfor Group Holdings Limited (OTCMKTS:LGFRY – Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 25,544 shares, a decrease of 53.7% from the May 14th total of 55,118 shares. Based on an average daily volume of 110,703 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.
Longfor Group Trading Up 1.5%
Shares of OTCMKTS:LGFRY traded up C$0.16 during midday trading on Friday, hitting C$11.15. 24,037 shares of the company’s stock were exchanged, compared to its average volume of 56,069. The stock has a 50 day moving average price of C$10.52 and a 200-day moving average price of C$11.49. Longfor Group has a 12 month low of C$9.40 and a 12 month high of C$15.49.
Analysts Set New Price Targets
Separately, Zacks Research upgraded shares of Longfor Group to a “hold” rating in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.
About Longfor Group
Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.
In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.
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