Hysan Development Company Limited (OTCMKTS:HYSNY) Sees Significant Decline in Short Interest

Hysan Development Company Limited (OTCMKTS:HYSNY) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 100 shares, a decrease of 99.1% from the October 15th total of 10,600 shares. Based on an average trading volume of 267,100 shares, the days-to-cover ratio is currently 0.0 days.

Hysan Development Price Performance

OTCMKTS HYSNY traded down $0.10 on Tuesday, hitting $3.26. The company had a trading volume of 9,410 shares, compared to its average volume of 16,284. The company’s fifty day moving average price is $3.30 and its 200-day moving average price is $3.11. Hysan Development has a 12-month low of $2.62 and a 12-month high of $4.09.

Hysan Development Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 9th were issued a dividend of $0.061 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a dividend yield of 8.76%. Hysan Development’s payout ratio is 1.10%.

About Hysan Development

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.