Shangri-La Asia Ltd. (OTCMKTS:SHALY) Short Interest Update

Shangri-La Asia Ltd. (OTCMKTS:SHALY) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 47 shares, a decrease of 51.5% from the August 15th total of 97 shares. Based on an average trading volume of 202 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Shangri-La Asia to a “neutral” rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Shangri-La Asia Price Performance

SHALY opened at $10.08 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.84 and a debt-to-equity ratio of 1.11. Shangri-La Asia has a 1-year low of $10.08 and a 1-year high of $11.85. The firm’s 50 day simple moving average is $10.30 and its two-hundred day simple moving average is $11.01.

Shangri-La Asia Company Profile

Shangri-La Asia Limited is a Hong Kong-based hospitality and property group focused primarily on owning, developing and managing hotels and resorts. The company operates under the Shangri-La, Kerry Hotels, JEN by Shangri-La and Traders Hotels brands, offering accommodations, restaurants, meeting and event facilities, wellness services and other guest amenities.

The group’s portfolio includes luxury and upscale hotels in major cities and resort destinations across Asia, the Middle East, Europe, North America and Australia.