Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Short Interest Down 61.9% in May

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 31,795 shares, a decrease of 61.9% from the April 30th total of 83,360 shares. Based on an average daily trading volume, of 127,008 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Sun Hung Kai Properties Stock Performance

SUHJY stock opened at $16.90 on Friday. The company’s 50 day moving average is $17.43 and its 200 day moving average is $15.62. Sun Hung Kai Properties has a 1-year low of $10.42 and a 1-year high of $18.89.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sun Hung Kai Properties has a consensus rating of “Hold”.

About Sun Hung Kai Properties

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.