Shenzhen Investment Holdings Bay Area Development Company Limited (OTCMKTS:SIHBY) Short Interest Down 15.4% in October

Shenzhen Investment Holdings Bay Area Development Company Limited (OTCMKTS:SIHBY) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,100 shares, a decline of 15.4% from the September 30th total of 1,300 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 2.8 days.

Shenzhen Investment Holdings Bay Area Development Stock Up 34.9 %

OTCMKTS SIHBY traded up $0.68 on Monday, reaching $2.63. The stock had a trading volume of 4,500 shares, compared to its average volume of 4,116. The stock has a fifty day moving average price of $2.18 and a two-hundred day moving average price of $2.01. Shenzhen Investment Holdings Bay Area Development has a 12-month low of $1.33 and a 12-month high of $2.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.29.

Shenzhen Investment Holdings Bay Area Development Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, September 24th will be given a dividend of $0.0893 per share. The ex-dividend date is Tuesday, September 24th.

About Shenzhen Investment Holdings Bay Area Development

Shenzhen Investment Holdings Bay Area Development Company Limited, an investment holding company, initiates, promotes, develops, and operates toll expressways and bridges in the People’s Republic of China. The company operates through Coastal Expressway (Shenzhen Section), GS Superhighway, GZ West Superhighway, and Xintang Interchange segments.