Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Short Interest Up 15.0% in August

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 4,600 shares, a growth of 15.0% from the August 15th total of 4,000 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 0.7 days.

Hongkong Land Stock Performance

HNGKY traded down $0.28 during trading on Tuesday, hitting $17.50. 1,286 shares of the company’s stock were exchanged, compared to its average volume of 3,020. The business’s 50 day moving average is $18.09 and its two-hundred day moving average is $20.22. Hongkong Land has a fifty-two week low of $16.86 and a fifty-two week high of $24.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.80 and a current ratio of 1.33.

Hongkong Land Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.264 per share. The ex-dividend date is Wednesday, August 16th.

About Hongkong Land

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.