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Shangri-La Asia Limited (OTCMKTS:SHALY) Sees Significant Drop in Short Interest

Shangri-La Asia logo with Consumer Discretionary background

Shangri-La Asia Limited (OTCMKTS:SHALY - Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 100 shares, a decline of 90.9% from the September 30th total of 1,100 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Shangri-La Asia Price Performance

OTCMKTS SHALY remained flat at $14.40 during trading hours on Friday. The firm has a 50 day moving average of $14.04 and a two-hundred day moving average of $14.19. Shangri-La Asia has a 52 week low of $11.91 and a 52 week high of $14.95.

Shangri-La Asia Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, October 16th. Shareholders of record on Wednesday, September 25th were paid a $0.1283 dividend. The ex-dividend date of this dividend was Wednesday, September 25th.

About Shangri-La Asia

(Get Free Report)

Shangri-La Asia Limited, an investment holding company, develops, owns/leases, operates, and manages hotels and associated properties worldwide. It operates through Hotel Properties, Hotel Management and Related Services, Investment Properties, and Property Development for Sale segments. The company develops, owns, and operates office and commercial properties, and serviced apartments/residences; and operates restaurants and amusement parks.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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