Guangdong Investment Limited (OTCMKTS:GGDVY) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 800 shares, a growth of 33.3% from the March 31st total of 600 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 2.0 days.
Separately, HSBC downgraded Guangdong Investment from a “buy” rating to a “hold” rating in a report on Monday, March 29th.
GGDVY traded down $0.59 on Tuesday, hitting $77.55. 211 shares of the company were exchanged, compared to its average volume of 922. The business’s fifty day moving average is $83.47 and its 200 day moving average is $84.34. Guangdong Investment has a fifty-two week low of $70.85 and a fifty-two week high of $103.50.
Guangdong Investment Limited, together with its subsidiaries, engages in water resources, property investment and development, department store, electric power generation, energy project operation, road and bridge operation, and hotel businesses. The Water Resources segment provides water distribution and sewage treatment services, as well as constructs water supply and sewage treatment infrastructure in Mainland China and Hong Kong.
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