Short Interest in Longfor Group Holdings Limited (OTCMKTS:LGFRY) Expands By 169.2%

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 3,500 shares, a growth of 169.2% from the August 31st total of 1,300 shares. Based on an average trading volume of 11,800 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 11,800 shares, the days-to-cover ratio is currently 0.3 days.

Longfor Group Stock Performance

LGFRY stock opened at C$14.37 on Friday. The business has a 50-day moving average price of C$13.86 and a 200 day moving average price of C$13.12. Longfor Group has a 1-year low of C$11.06 and a 1-year high of C$22.50.

Longfor Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 18th will be issued a $0.1114 dividend. This represents a dividend yield of 273.0%. The ex-dividend date is Friday, August 15th.

About Longfor Group

Longfor Group Holdings Limited, an investment holding company, engages in the property development, investment, and management businesses in the People's Republic of China. It operates through three segments: Property Development, Investment Property Operation, and Services and Others. The Property Development segment develops and sells office and commercial premises, and residential properties.