Shimao Group Holdings Limited (OTCMKTS:SIOPF) Sees Significant Drop in Short Interest

Shimao Group Holdings Limited (OTCMKTS:SIOPF) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 1,500 shares, a drop of 87.0% from the December 31st total of 11,499 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Shimao Group Stock Performance

Shares of SIOPF stock opened at $0.03 on Wednesday. The company’s fifty day moving average price is $0.06 and its two-hundred day moving average price is $0.09. Shimao Group has a 12 month low of $0.03 and a 12 month high of $0.10.

About Shimao Group

Shimao Group Holdings Limited (OTCMKTS: SIOPF) is a leading property developer based in Shanghai, China, with a diversified portfolio spanning residential, commercial and hospitality projects. Established in 2001 by entrepreneur Hui Wing Mau, the company has grown to become one of the country’s most recognized real estate names, known for high-quality construction and innovative design. Shimao’s business model encompasses land acquisition, property development and asset management, supported by strategic partnerships and joint ventures.

The company’s core operations focus on the development of upscale residential communities, Grade A office towers and shopping complexes in major Chinese cities.