Hongkong Land Holdings Limited (OTCMKTS:HNGKY) Short Interest Update

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 200 shares, a drop of 85.7% from the February 29th total of 1,400 shares. Based on an average daily volume of 10,000 shares, the short-interest ratio is currently 0.0 days.

Hongkong Land Stock Performance

Hongkong Land stock traded down $0.65 during mid-day trading on Wednesday, hitting $15.11. 3,292 shares of the company were exchanged, compared to its average volume of 4,502. The business’s 50 day simple moving average is $15.99 and its two-hundred day simple moving average is $16.51. Hongkong Land has a 12-month low of $15.09 and a 12-month high of $22.72.

Hongkong Land Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, March 22nd will be given a dividend of $0.75 per share. This is an increase from Hongkong Land’s previous dividend of $0.26. The ex-dividend date is Thursday, March 21st.

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.