Sino Land Co. (OTCMKTS:SNLAY) Sees Large Decline in Short Interest

Sino Land Co. (OTCMKTS:SNLAY) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 9,131 shares, a decrease of 56.1% from the September 15th total of 20,801 shares. Based on an average daily trading volume, of 17,449 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Sino Land to a “hold” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Sino Land Stock Up 4.4%

Shares of OTCMKTS:SNLAY opened at $7.19 on Thursday. Sino Land has a 12-month low of $5.94 and a 12-month high of $8.89. The business has a fifty day simple moving average of $6.72 and a 200 day simple moving average of $7.22.

Sino Land Company Profile

Sino Land Company Limited is a Hong Kong-based property developer and investment company. The company develops, owns and manages residential, commercial, retail and industrial properties, with activities spanning property development, investment and asset management.

Through its property portfolio and development projects, Sino Land provides residential housing, office space, shopping centers and other commercial facilities. The company is also involved in hotel ownership and operations, as well as property management and related services, including through businesses associated with the broader Sino Group.

Sino Land was established in Hong Kong in 1972 and primarily serves the Hong Kong market, while the group has also had property and hospitality interests in mainland China and other locations.