Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Short Interest Up 301.3% in July

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 37,156 shares, an increase of 301.3% from the June 30th total of 9,259 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 346,931 shares, the short-interest ratio is presently 0.1 days.

Sun Hung Kai Properties Trading Down 0.5%

Shares of OTCMKTS:SUHJY opened at $15.42 on Friday. The business’s 50-day simple moving average is $15.50 and its 200 day simple moving average is $16.30. Sun Hung Kai Properties has a one year low of $11.17 and a one year high of $18.89.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average 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.