Hysan Development Company Limited (OTCMKTS:HYSNY – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 458 shares, a growth of 11,350.0% from the August 15th total of 4 shares. Based on an average trading volume of 307 shares, the short-interest ratio is currently 1.5 days.
Hysan Development Price Performance
Shares of HYSNY stock remained flat at $3.88 during trading hours on Thursday. The firm has a 50-day moving average price of $4.32 and a two-hundred day moving average price of $4.54. Hysan Development has a one year low of $3.55 and a one year high of $6.00.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group downgraded Hysan Development from a “buy” rating to a “sell” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Hysan Development has an average rating of “Sell”.
About Hysan Development
Hysan Development Company Limited is a Hong Kong–based property investment, management and development firm with a primary focus on the prime commercial and retail district of Causeway Bay. Established in the early 20th century by Harry Lee Hysan, the company has grown into one of the island’s leading landlords, specializing in high-end retail, office and residential properties. Its strategic portfolio spans flagship shopping arcades, Grade A office towers and luxury residential schemes.
The company’s core assets include integrated developments such as Lee Gardens, Hysan Place and Lee Theatre, which combine boutique retail outlets, fine-dining restaurants and premium office space under one roof.
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