Sun Hung Kai Properties Limited (OTCMKTS:SUHJY) Sees Significant Decrease in Short Interest

Sun Hung Kai Properties Limited (OTCMKTS:SUHJY) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totalling 135,200 shares, a drop of 69.1% from the August 31st total of 438,200 shares. Based on an average daily volume of 323,600 shares, the days-to-cover ratio is currently 0.4 days.

Sun Hung Kai Properties Stock Performance

SUHJY traded up $0.30 during trading on Friday, hitting $11.07. 49,389 shares of the company traded hands, compared to its average volume of 139,225. The stock’s 50-day simple moving average is $9.54 and its two-hundred day simple moving average is $9.44. Sun Hung Kai Properties has a 1 year low of $8.35 and a 1 year high of $11.14.

About Sun Hung Kai Properties

Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops and sells properties, including residential estates, offices, shopping malls, industrial offices, and hotels and serviced suites. The company's land bank comprises 67.5 million square feet of gross floor area in Hong Kong.