Hysan Development Company Limited (OTCMKTS:HYSNY) Shares Shorted: Short Interest Up 521.3% in October

Hysan Development Company Limited (OTCMKTS:HYSNY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 3,945 shares, a growth of 521.3% from the September 30th total of 635 shares. Based on an average daily trading volume, of 3,067 shares, the days-to-cover ratio is presently 1.3 days.

Hysan Development Stock Performance

OTCMKTS:HYSNY traded up $0.20 during trading hours on Wednesday, reaching $4.40. The company’s stock had a trading volume of 273 shares, compared to its average volume of 2,053. The stock has a 50 day moving average price of $4.09 and a two-hundred day moving average price of $4.56. Hysan Development has a 12 month low of $3.88 and a 12 month high of $6.00.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered Hysan Development from a “buy” rating to a “sell” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hysan Development Company Profile

Hysan Development Company Limited is a Hong Kong-based property investment, development and management company. The company focuses primarily on commercial and residential real estate, with activities spanning the ownership, development, leasing and management of properties.

Hysan’s portfolio is concentrated in Causeway Bay, one of Hong Kong’s major business, retail and leisure districts. Its properties include office buildings, shopping centers, retail premises and residential developments, serving corporate tenants, retailers, residents and visitors.