Longfor Group Holdings Limited (OTCMKTS:LGFRY) Sees Large Decrease in Short Interest

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 21,684 shares, a drop of 66.5% from the July 15th total of 64,753 shares. Based on an average daily trading volume, of 107,911 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Longfor Group Stock Up 5.8%

LGFRY traded up C$0.48 during midday trading on Friday, reaching C$8.79. The company had a trading volume of 40,617 shares, compared to its average volume of 62,729. Longfor Group has a 12-month low of C$7.54 and a 12-month high of C$15.49. The business has a 50-day moving average price of C$8.63 and a two-hundred day moving average price of C$10.37.

Longfor Group Company Profile

Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.