Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Sees Large Growth in Short Interest

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 35,447 shares, a growth of 304.1% from the August 15th total of 8,771 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 150,064 shares, the short-interest ratio is currently 0.2 days.

Sun Hung Kai Properties Stock Performance

OTCMKTS SUHJY traded down $1.56 during trading on Friday, hitting $13.74. 116,169 shares of the company’s stock traded hands, compared to its average volume of 86,254. The stock has a fifty day moving average of $15.28 and a two-hundred day moving average of $16.29. Sun Hung Kai Properties has a 12-month low of $11.47 and a 12-month high of $18.89.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties Limited is a Hong Kong-based property developer and investment company. Founded in 1963 and listed on the Hong Kong Stock Exchange in 1972, the company develops and manages residential, office, retail and mixed-use properties. Its portfolio includes large-scale developments, shopping centers, office buildings and residential communities.

The company also operates hotels and provides property management services. Its broader business interests have included telecommunications, infrastructure and transportation-related projects, logistics, information technology and financial services.