Short Interest in Nam Tai Property Inc (NYSE:NTP) Grows By 14.7%

Nam Tai Property Inc (NYSE:NTP) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 120,800 shares, a growth of 14.7% from the September 30th total of 105,300 shares. Based on an average trading volume of 20,600 shares, the days-to-cover ratio is presently 5.9 days. Currently, 0.4% of the company’s shares are sold short.

Shares of NTP traded down $0.05 during trading hours on Friday, hitting $8.72. 21,893 shares of the stock traded hands, compared to its average volume of 12,509. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.03. Nam Tai Property has a 1-year low of $8.24 and a 1-year high of $10.75. The business has a fifty day moving average of $9.02 and a 200-day moving average of $9.47.

Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of Nam Tai Property during the third quarter valued at $41,000. Northern Trust Corp lifted its stake in shares of Nam Tai Property by 20.0% during the second quarter. Northern Trust Corp now owns 25,985 shares of the electronics maker’s stock valued at $253,000 after acquiring an additional 4,334 shares during the period. Royal Bank of Canada lifted its stake in shares of Nam Tai Property by 323.3% during the second quarter. Royal Bank of Canada now owns 29,884 shares of the electronics maker’s stock valued at $292,000 after acquiring an additional 22,825 shares during the period. Moab Capital Partners LLC lifted its stake in shares of Nam Tai Property by 1.0% during the second quarter. Moab Capital Partners LLC now owns 138,254 shares of the electronics maker’s stock valued at $1,348,000 after acquiring an additional 1,337 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Nam Tai Property by 20.3% during the second quarter. BlackRock Inc. now owns 161,956 shares of the electronics maker’s stock valued at $1,579,000 after acquiring an additional 27,277 shares during the period. 35.79% of the stock is currently owned by institutional investors and hedge funds.

Nam Tai Property Company Profile

Nam Tai Property Inc, through its subsidiaries, operates as a property development company in the People's Republic of China. The company owns and develops technology parks. It focuses on developing two parcels of land into commercial complexes in Gushu and Guangming, Shenzhen, as well as renting commercial complexes.

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