Henderson Land Development Co. (OTCMKTS:HLDCY) Sees Large Growth in Short Interest

Henderson Land Development Co. (OTCMKTS:HLDCY) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 51,830 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 264,147 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Henderson Land Development Stock Performance

HLDCY stock traded down $0.03 during mid-day trading on Wednesday, hitting $3.68. 63,885 shares of the company were exchanged, compared to its average volume of 35,911. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.33 and a current ratio of 3.33. Henderson Land Development has a 1-year low of $3.08 and a 1-year high of $4.49. The firm’s 50 day simple moving average is $3.46 and its 200 day simple moving average is $3.81.

About Henderson Land Development

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.