Sun Hung Kai Properties Limited (OTCMKTS:SUHJY) Sees Significant Decrease in Short Interest

Sun Hung Kai Properties Limited (OTCMKTS:SUHJY) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 64,800 shares, a decline of 74.0% from the March 31st total of 249,500 shares. Based on an average daily volume of 442,800 shares, the days-to-cover ratio is presently 0.1 days.

Sun Hung Kai Properties Stock Up 1.0 %

SUHJY stock traded up $0.09 during mid-day trading on Friday, hitting $9.28. The company had a trading volume of 290,842 shares, compared to its average volume of 250,873. Sun Hung Kai Properties has a 12-month low of $8.84 and a 12-month high of $14.12. The company has a 50-day moving average price of $9.60 and a 200 day moving average price of $9.89.

Sun Hung Kai Properties Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were paid a $0.1014 dividend. The ex-dividend date was Tuesday, March 12th.

About Sun Hung Kai Properties

Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops and sells properties, including residential estates, offices, shopping malls, industrial offices, and hotels and serviced suites. The company's land bank comprises 67.5 million square feet of gross floor area in Hong Kong.