Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 62,463 shares, a growth of 96.5% from the May 14th total of 31,795 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 173,006 shares, the days-to-cover ratio is presently 0.4 days.
Analyst Upgrades and Downgrades
Separately, Zacks Research downgraded 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 stock. According to data from MarketBeat, Sun Hung Kai Properties has a consensus rating of “Hold”.
View Our Latest Report on SUHJY
Sun Hung Kai Properties Trading Up 0.3%
Sun Hung Kai Properties Company Profile
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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