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

Hongkong Land Holdings Limited (OTCMKTS:HNGKY) was the recipient of a significant growth in short interest in the month of 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 trading volume of 6,200 shares, the days-to-cover ratio is currently 0.7 days.

Hongkong Land Stock Down 1.6 %

OTCMKTS:HNGKY traded down $0.28 during trading hours on Tuesday, reaching $17.50. The company had a trading volume of 1,286 shares, compared to its average volume of 3,020. The firm’s 50 day moving average price is $18.09 and its 200-day moving average price is $20.22. The company has a current ratio of 1.33, a quick ratio of 2.80 and a debt-to-equity ratio of 0.18. Hongkong Land has a 52 week low of $16.86 and a 52 week high of $24.99.

Hongkong Land Cuts Dividend

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

Hongkong Land Company Profile

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.