Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Short Interest Update

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 2,000 shares, a decline of 9.1% from the September 30th total of 2,200 shares. Based on an average daily trading volume, of 3,400 shares, the short-interest ratio is currently 0.6 days.

Hongkong Land Trading Up 11.4 %

Shares of OTCMKTS:HNGKY traded up $2.22 on Wednesday, hitting $21.72. 7,253 shares of the company’s stock were exchanged, compared to its average volume of 5,259. Hongkong Land has a 1-year low of $13.85 and a 1-year high of $22.09. The firm’s 50-day moving average is $19.13 and its 200 day moving average is $17.42.

Hongkong Land Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Friday, August 23rd were issued a dividend of $0.264 per share. The ex-dividend date was Friday, August 23rd.

About Hongkong Land

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.