Hysan Development Company Limited (OTCMKTS:HYSNY) Shares Shorted: Short Interest Up 521.3% in October

Hysan Development Company Limited (OTCMKTS:HYSNY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 3,945 shares, a growth of 521.3% from the September 30th total of 635 shares. Based on an average daily trading volume, of 3,067 shares, the short-interest ratio is presently 1.3 days.

Hysan Development Price Performance

Shares of HYSNY opened at $4.20 on Tuesday. Hysan Development has a 1-year low of $3.88 and a 1-year high of $6.00. The firm has a 50 day simple moving average of $4.09 and a 200-day simple moving average of $4.57.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of Hysan Development from a “buy” rating to a “sell” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Hysan Development has a consensus rating of “Sell”.

Hysan Development Company Profile

Hysan Development Company Limited is a Hong Kong-based property investment, development and management company. The company focuses primarily on commercial and residential real estate, with activities spanning the ownership, development, leasing and management of properties.

Hysan’s portfolio is concentrated in Causeway Bay, one of Hong Kong’s major business, retail and leisure districts. Its properties include office buildings, shopping centers, retail premises and residential developments, serving corporate tenants, retailers, residents and visitors.