Short Interest in Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Drops By 38.7%

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 32,334 shares, a decline of 38.7% from the November 30th total of 52,786 shares. Based on an average trading volume of 100,791 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 100,791 shares, the days-to-cover ratio is presently 0.3 days.

Sun Hung Kai Properties Price Performance

OTCMKTS:SUHJY traded up $0.03 during mid-day trading on Friday, reaching $12.55. 52,456 shares of the stock were exchanged, compared to its average volume of 50,023. The business has a fifty day moving average price of $12.59 and a 200 day moving average price of $12.12. Sun Hung Kai Properties has a 1-year low of $8.19 and a 1-year high of $13.55.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Zacks Research lowered Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. UBS Group cut shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Finally, CLSA upgraded shares of Sun Hung Kai Properties to a “moderate buy” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.