Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Sees Large Increase in Short Interest

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 37,156 shares, an increase of 301.3% from the June 30th total of 9,259 shares. Based on an average daily trading volume, of 346,931 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

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

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Sun Hung Kai Properties Stock Performance

Shares of OTCMKTS SUHJY opened at $15.42 on Monday. The stock’s 50-day moving average is $15.50 and its two-hundred day moving average is $16.32. 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

(Get Free Report)

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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