Short Interest in Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Rises By 148.5%

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 117,300 shares, a growth of 148.5% from the September 30th total of 47,200 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 111,900 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 111,900 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the shares of the stock are short sold.

Sun Hung Kai Properties Stock Up 0.8%

Shares of OTCMKTS SUHJY opened at $12.27 on Friday. Sun Hung Kai Properties has a 52 week low of $8.19 and a 52 week high of $12.70. The firm’s fifty day moving average is $12.12 and its 200 day moving average is $11.38.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group downgraded shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Zacks Research lowered Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Sun Hung Kai Properties currently has an average rating of “Hold”.

About Sun Hung Kai Properties

Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops, sells, and leases properties, including residential estates, offices, shopping malls, industrial offices, and hotels and serviced suites. The company also provides property management services; construction-related services, including landscaping, electrical and mechanical installation, production and installation of wooden doors, and construction plant and machinery leasing; and insurance products to individuals and businesses comprising householder’s comprehensive, fire, employees’ compensation, travel, personal accident, motor vehicles, contractors’ all risks, third party liability, and property all risks.