Sino Land Co. (OTCMKTS:SNLAY – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 9,131 shares, a decline of 56.1% from the September 15th total of 20,801 shares. Based on an average daily volume of 17,449 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.
Sino Land Stock Up 14.1%
Shares of SNLAY stock traded up $0.85 during midday trading on Tuesday, reaching $6.89. 6,961 shares of the stock were exchanged, compared to its average volume of 5,214. Sino Land has a 1 year low of $5.94 and a 1 year high of $8.89. The company’s 50 day moving average is $6.73 and its two-hundred day moving average is $7.22.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of Sino Land to a “hold” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
About Sino Land
Sino Land Company Limited is a Hong Kong-based property developer and investment company. The company develops, owns and manages residential, commercial, retail and industrial properties, with activities spanning property development, investment and asset management.
Through its property portfolio and development projects, Sino Land provides residential housing, office space, shopping centers and other commercial facilities. The company is also involved in hotel ownership and operations, as well as property management and related services, including through businesses associated with the broader Sino Group.
Sino Land was established in Hong Kong in 1972 and primarily serves the Hong Kong market, while the group has also had property and hospitality interests in mainland China and other locations.
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