Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Short Interest Down 64.0% in June

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 9,259 shares, a drop of 64.0% from the June 15th total of 25,752 shares. Based on an average trading volume of 364,771 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Sun Hung Kai Properties has an average rating of “Hold”.

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Sun Hung Kai Properties Stock Performance

Shares of OTCMKTS SUHJY opened at $14.96 on Wednesday. The company has a 50 day simple moving average of $15.93 and a 200-day simple moving average of $16.14. Sun Hung Kai Properties has a 1 year low of $11.17 and a 1 year high of $18.89.

About Sun Hung Kai Properties

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Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.

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