Longfor Group Holdings Limited (OTCMKTS:LGFRY) Short Interest Down 75.0% in June

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 4,289 shares, a decline of 75.0% from the June 15th total of 17,126 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 200,200 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Zacks Research raised Longfor Group to a “hold” rating in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Longfor Group currently has a consensus rating of “Hold”.

Longfor Group Stock Up 2.6%

Shares of LGFRY stock traded up C$0.20 during mid-day trading on Monday, hitting C$7.96. The stock had a trading volume of 90,073 shares, compared to its average volume of 62,314. The company’s 50-day simple moving average is C$9.76 and its 200-day simple moving average is C$10.92. Longfor Group has a fifty-two week low of C$7.54 and a fifty-two week high of C$15.49.

Longfor Group Company Profile

Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.