Shangri-La Asia Ltd. (OTCMKTS:SHALY) Short Interest Down 70.1% in June

Shangri-La Asia Ltd. (OTCMKTS:SHALY) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 99 shares, a decline of 70.1% from the June 15th total of 331 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 48 shares, the short-interest ratio is currently 2.1 days.

Shangri-La Asia Price Performance

SHALY remained flat at $10.40 on Monday. Shangri-La Asia has a one year low of $10.40 and a one year high of $11.85. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.84. The stock has a 50 day simple moving average of $11.12 and a two-hundred day simple moving average of $11.39.

Shangri-La Asia Company Profile

Shangri-La Asia Limited is a Hong Kong–based hospitality group principally engaged in the development, ownership and operation of luxury hotels, resorts and serviced apartments. The company’s flagship brand, Shangri-La Hotels and Resorts, encompasses properties that feature high-end accommodations, specialty dining venues, spa and wellness facilities, and meeting and event spaces tailored for both leisure and business travelers. In addition to its core Shangri-La portfolio, the company manages a range of complementary brands, including Kerry Hotels, Hotel Jen and Traders Hotels, each designed to address distinct market segments within the hotel industry.

Since its establishment in 1971 by entrepreneur Robert Kuok, Shangri-La Asia has expanded its footprint across more than 20 countries and territories.