Longfor Group Holdings Limited (OTCMKTS:LGFRY) Short Interest Up 69.4% in August

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 89,820 shares, an increase of 69.4% from the August 15th total of 53,017 shares. Based on an average daily volume of 146,379 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

Longfor Group Trading Down 0.4%

LGFRY opened at C$6.91 on Friday. The stock has a 50-day moving average price of C$8.19 and a 200-day moving average price of C$9.50. Longfor Group has a 12-month low of C$6.65 and a 12-month high of C$15.32.

About Longfor Group

Longfor Group Holdings Limited is a Chinese real estate company engaged in property development, commercial investment, and property management. Its activities include developing residential communities, operating shopping centers and other commercial properties, and providing related property management and operational services.

The company was established in 1993 by Wu Yajun and initially developed projects in Chongqing. It has since expanded its operations across major cities and metropolitan areas in mainland China, with a portfolio that includes residential, commercial, and rental-housing projects.

Longfor’s business is organized around property development, commercial operations, and services related to the management of residential and commercial assets.