Sino Land Co. (OTCMKTS:SNLAY – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 20,801 shares, an increase of 1,609.2% from the August 31st total of 1,217 shares. Based on an average daily volume of 28,787 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.
Sino Land Trading Down 1.7%
Shares of SNLAY stock opened at $6.88 on Friday. Sino Land has a 1 year low of $5.94 and a 1 year high of $8.89. The firm’s 50 day moving average is $6.79 and its 200-day moving average is $7.29.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Sino Land to a “hold” rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
About Sino Land
Sino Land Company Limited is a Hong Kong-based property developer, investor and operator. Established in 1972, the company is part of Sino Group and focuses primarily on the development and management of residential, commercial, retail and mixed-use properties.
The company’s activities include property development, investment properties, property management and hospitality. Its portfolio includes residential communities, office buildings, shopping centers and integrated developments, as well as hotels and serviced residences operated through its hospitality businesses.
Sino Land’s operations are concentrated mainly in Hong Kong, where it has developed and manages properties across major urban districts.
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