Sun Hung Kai Properties Limited (OTCMKTS: SUHJY – Get a rating) saw a sharp decline in short-term interest in May. As of May 15, there was short interest totaling 100,500 shares, down 43.7% from the April 30 total of 178,600 shares. Based on an average daily trading volume of 504,800 shares, the short-term interest rate ratio is currently 0.2 day.
Separately, Zacks Investment Research cut shares of Sun Hung Kai Properties from a “hold” rating to a “sell” rating in a Wednesday, May 4, research report.
Shares of SUHJY traded at $0.06 during midday trading on Friday, reaching $12.39. The company’s stock had a trading volume of 52,600 shares, compared to an average volume of 192,933. The company’s 50-day moving average is $12.01 and its 200-day moving average is 12.15 $. Sun Hung Kai Properties has a 52 week low of $11.11 and a 52 week high of $16.00.
The company also recently declared a dividend, which was paid on Thursday, March 24. Shareholders of record on Thursday, March 10 received a dividend of $0.1401. The ex-dividend date was Wednesday, March 9. This represents a dividend yield of 5.15%.
Sun Hung Kai Properties Company Profile (Get a rating)
Sun Hung Kai Properties Limited develops and invests in properties for sale and for rent in Hong Kong, Mainland China, Singapore and overseas. It develops and sells properties, including residential developments, offices, shopping centers, industrial buildings, hotels and serviced suites. As of June 30, 2021, the Company’s land bank included 57.9 million square feet of gross floor area in Hong Kong; and 75.3 million square feet of gross floor area in mainland China.
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