Sun Hung Kai & Co. Limited (OTCMKTS:SHGKY) Sees Significant Decrease in Short Interest

Sun Hung Kai & Co. Limited (OTCMKTS:SHGKY - Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 200 shares, a decrease of 50.0% from the September 30th total of 400 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 2.0 days.

Sun Hung Kai & Co. Limited Stock Performance

Sun Hung Kai & Co. Limited stock remained flat at $1.64 during midday trading on Friday. 30 shares of the company were exchanged, compared to its average volume of 36. The business has a 50-day moving average of $1.54 and a two-hundred day moving average of $1.48. Sun Hung Kai & Co. Limited has a 1 year low of $0.93 and a 1 year high of $1.73.

Sun Hung Kai & Co. Limited Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 6th were issued a $0.0617 dividend. The ex-dividend date of this dividend was Friday, September 6th.

About Sun Hung Kai & Co. Limited

Sun Hung Kai & Co Limited, an investment holding company, provides financial services primarily in Hong Kong and the People's Republic of China. The company operates through Consumer Finance, Private Credit, Mortgage Loans, Investment Management, and Group Management and Support segments. It offers unsecured loan to individuals and businesses through branches and online platforms; and first mortgage and second mortgage loans to property owners, as well as customized financing solutions to property investors.