Short Interest in Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Drops By 53.3%

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 1,400 shares, a drop of 53.3% from the February 28th total of 3,000 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,100 shares, the short-interest ratio is currently 0.2 days.

Hongkong Land Price Performance

Shares of OTCMKTS HNGKY traded down $0.65 during mid-day trading on Friday, hitting $21.85. The stock had a trading volume of 1,863 shares, compared to its average volume of 2,979. The company has a 50 day moving average of $22.05 and a two-hundred day moving average of $21.63. Hongkong Land has a twelve month low of $13.85 and a twelve month high of $25.26.

Hongkong Land Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Friday, March 21st will be issued a $0.85 dividend. This is a positive change from Hongkong Land’s previous dividend of $0.26. The ex-dividend date of this dividend is Friday, March 21st.

Hongkong Land Company Profile

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.