Short Interest in Longfor Group Holdings Limited (OTCMKTS:LGFRY) Grows By 1,409.7%

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 64,753 shares, a growth of 1,409.7% from the June 30th total of 4,289 shares. Based on an average trading volume of 265,362 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

Longfor Group Stock Down 1.5%

OTCMKTS:LGFRY traded down C$0.12 during trading hours on Friday, hitting C$8.41. 86,974 shares of the company’s stock traded hands, compared to its average volume of 64,892. The stock’s fifty day moving average price is C$9.12 and its two-hundred day moving average price is C$10.73. Longfor Group has a twelve month low of C$7.54 and a twelve month 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.