Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) Sees Significant Increase in Short Interest

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 62,463 shares, a growth of 96.5% from the May 14th total of 31,795 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 173,006 shares, the days-to-cover ratio is presently 0.4 days.

Sun Hung Kai Properties Stock Up 1.6%

Shares of SUHJY stock opened at $15.25 on Tuesday. The stock has a 50-day moving average of $17.15 and a 200-day moving average of $15.83. Sun Hung Kai Properties has a one year low of $10.81 and a one year high of $18.89.

Analyst Ratings Changes

Separately, Zacks Research cut Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sun Hung Kai Properties presently has an average rating of “Hold”.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.