Hongkong Land Holdings Limited (OTCMKTS:HNGKY – Get Free Report) was the target of 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 days-to-cover ratio is currently 0.6 days.
Hongkong Land Stock Performance
OTCMKTS:HNGKY opened at $22.05 on Friday. Hongkong Land has a twelve month low of $13.85 and a twelve month high of $22.09. The firm has a 50-day moving average price of $19.29 and a two-hundred day moving average price of $17.49.
Hongkong Land Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, August 23rd were given a $0.264 dividend. The ex-dividend date of this dividend was Friday, August 23rd.
Hongkong Land Company Profile
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.
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