Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Shares Shorted: Short Interest Up 442.2% in October

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 108,985 shares, an increase of 442.2% from the October 15th total of 20,101 shares. Based on an average daily volume of 330,794 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Sun Hung Kai Properties Stock Performance

SUHJY stock traded down $0.10 on Friday, hitting $14.22. 42,985 shares of the company were exchanged, compared to its average volume of 110,537. Sun Hung Kai Properties has a twelve month low of $12.07 and a twelve month high of $18.89. The business’s fifty day moving average is $14.07 and its two-hundred day moving average is $15.81.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Sun Hung Kai Properties from a “strong sell” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

About Sun Hung Kai Properties

Sun Hung Kai Properties is a Hong Kong-based property developer and investor. Founded in 1963, the company develops residential, office, retail and industrial properties and manages a portfolio of income-producing real estate. The group also operates hotels and provides property management services. Its broader businesses include telecommunications, transportation and infrastructure-related operations. Sun Hung Kai Properties’ activities are centered on Hong Kong, with property development and investment interests in mainland China and other markets.