Hang Lung Group Ltd. (OTCMKTS:HNLGY – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 118 shares, a decline of 91.8% from the July 30th total of 1,443 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 615 shares, the days-to-cover ratio is currently 0.2 days.
Hang Lung Group Price Performance
Shares of OTCMKTS:HNLGY remained flat at $8.16 on Tuesday. Hang Lung Group has a 1-year low of $7.86 and a 1-year high of $11.70. The company has a fifty day simple moving average of $8.46 and a two-hundred day simple moving average of $9.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.62 and a quick ratio of 0.62.
About Hang Lung Group
Hang Lung Group is a Hong Kong–based property developer with a strategic focus on the investment, development and management of commercial real estate in Mainland China. The company’s portfolio encompasses large‐scale retail malls, premium office towers and mixed‐use complexes located primarily in major urban centres. Through an integrated approach to property development and asset management, Hang Lung Group aims to create landmark destinations that combine innovative design, high‐quality construction and curated tenant mixes.
Established in 1960, Hang Lung Group has grown from a local developer into one of the region’s leading real estate enterprises serving key Chinese markets.
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