Short Interest in Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Drops By 94.1%

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 56 shares, a decline of 94.1% from the August 15th total of 945 shares. Based on an average trading volume of 7,999 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Hang Lung Properties to a “hold” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Hang Lung Properties Price Performance

OTCMKTS HLPPY remained flat at $4.41 during mid-day trading on Friday. 647 shares of the company were exchanged, compared to its average volume of 3,924. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.34. Hang Lung Properties has a 52 week low of $4.26 and a 52 week high of $6.52. The business’s 50-day moving average price is $4.61 and its two-hundred day moving average price is $5.17.

Hang Lung Properties Company Profile

Hang Lung Properties Limited is a Hong Kong-based property developer, owner and manager. The company develops and operates a portfolio of commercial, residential, retail and hospitality properties, including shopping malls, office buildings, luxury residences and hotels.

The company serves markets in Hong Kong and mainland China. Its mainland portfolio includes major commercial developments in cities such as Shanghai, Shenyang, Jinan, Wuxi, Kunming, Wuhan, Hangzhou and Ningbo. Hang Lung Properties is known for developing large-scale mixed-use projects that combine retail, office, residential and hotel components.

Hang Lung Properties is part of the Hang Lung Group and has roots dating to the group’s establishment in Hong Kong in 1960.