Hang Lung Properties Ltd. (OTCMKTS:HLPPY) Sees Large Decline in Short Interest

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 433 shares, a decrease of 65.1% from the November 30th total of 1,239 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 92,481 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 92,481 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Hang Lung Properties Stock Down 3.3%

HLPPY traded down $0.19 during midday trading on Friday, hitting $5.58. 402 shares of the company were exchanged, compared to its average volume of 12,368. The firm’s 50 day moving average price is $5.72 and its 200-day moving average price is $5.29. Hang Lung Properties has a 1-year low of $3.51 and a 1-year high of $6.02.

About Hang Lung Properties

Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.