Short Interest in Longfor Group Holdings Limited (OTCMKTS:LGFRY) Drops By 53.7%

Longfor Group Holdings Limited (OTCMKTS:LGFRY) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 25,544 shares, a decline of 53.7% from the May 14th total of 55,118 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 110,703 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Longfor Group to a “hold” rating in a research report on Wednesday, April 15th. Two 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 Trading Up 1.5%

LGFRY stock traded up C$0.16 during trading on Friday, reaching C$11.15. The stock had a trading volume of 24,037 shares, compared to its average volume of 56,069. Longfor Group has a one year low of C$9.40 and a one year high of C$15.49. The company’s 50 day moving average is C$10.52 and its two-hundred day moving average is C$11.49.

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.