Sun Hung Kai & Co. Limited (OTCMKTS:SHGKY) Short Interest Update

Sun Hung Kai & Co. Limited (OTCMKTS:SHGKY) experienced a notable decrease in short interest during October. As of October 15th, the short interest was recorded at 200 shares, which represents a 50.0% decrease compared to the short interest of 400 shares reported on September 30th. Given the average daily trading volume of 100 shares, the current short-interest ratio stands at 2.0 days.

Sun Hung Kai & Co. Limited Stock Performance

During midday trading on Friday, shares of Sun Hung Kai & Co. Limited remained steady at $1.64. The day's trading volume saw only 30 shares changing hands compared to an average volume of 36 shares. Over the past year, the stock has experienced a 12-month low of $0.93 and a 12-month high of $1.73. The company's 50-day moving average price is $1.54, while the 200-day moving average price is $1.48.

Recent Dividend Announcement

The company has also made headlines with the recent announcement of a dividend payment. This dividend was paid on Friday, October 4th, to stockholders who were registered as of Friday, September 6th. The dividend declared was $0.0617 per share, with the ex-dividend date also falling on September 6th.

Company Overview

Sun Hung Kai & Co. Limited operates primarily as an investment holding company, providing a range of financial services mainly in Hong Kong and the People's Republic of China. The company operates through several segments including Consumer Finance, Private Credit, Mortgage Loans, Investment Management, and Group Management and Support. It specializes in offering unsecured loans to individuals and businesses via branches and online platforms, as well as first and second mortgage loans to property owners and tailored financing solutions for property investors.

Market Insights

Investors often seek to align their portfolios with stocks that show promise. The current ratings suggest that Sun Hung Kai & Co. Limited holds a "hold" rating among analysts. However, many analysts believe there are potentially better investment opportunities available. It is essential for investors to consider well-researched recommendations before making any decisions.

Resources

For further insights into stock performance and tips on investing strategy, it can be beneficial to stay informed through financial news outlets and analytical reports.

SunHungKai, Stocks, Investment