Short Interest in Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Expands By 150.0%

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,000 shares, an increase of 150.0% from the February 13th total of 1,200 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is currently 0.6 days.

Hongkong Land Stock Performance

HNGKY stock traded down $0.37 during trading on Thursday, hitting $22.75. The company had a trading volume of 1,807 shares, compared to its average volume of 3,094. Hongkong Land has a one year low of $13.85 and a one year high of $25.26. The business has a 50-day moving average of $21.92 and a 200-day moving average of $21.32.

Hongkong Land Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 21st. Investors of record on Friday, March 21st will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from Hongkong Land’s previous dividend of $0.26.

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.