Hysan Development Company Limited (OTCMKTS:HYSNY) Sees Large Increase in Short Interest

Hysan Development Company Limited (OTCMKTS:HYSNY) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 8,400 shares, a growth of 115.4% from the August 15th total of 3,900 shares. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is presently 0.7 days.

Hysan Development Stock Performance

Shares of HYSNY stock traded up $0.09 on Friday, hitting $3.10. The stock had a trading volume of 1,078 shares, compared to its average volume of 9,743. The business has a 50 day moving average of $2.90 and a 200 day moving average of $3.07. Hysan Development has a 12-month low of $2.62 and a 12-month high of $4.23.

Hysan Development Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 9th will be paid a $0.061 dividend. The ex-dividend date is Monday, September 9th. This represents a yield of 8.76%. Hysan Development’s dividend payout ratio (DPR) is 1.10%.

Hysan Development Company Profile

Hysan Development Co, Ltd. is a leading property investment, management and development company. Its core asset portfolio, Lee Gardens in Hong Kong, has approximately 4.5 million square feet of high-quality office, retail and residential floor area. Hysan has been rooted in Hong Kong for nearly a hundred years, operating with heart, focusing on community building, integration of old and new, technology application, and sustainable development.