Short Interest in Longfor Group Holdings Limited (OTCMKTS:LGFRY) Decreases By 86.6%

Longfor Group Holdings Limited (OTCMKTS:LGFRY) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 900 shares, a drop of 86.6% from the February 28th total of 6,700 shares. Based on an average daily volume of 17,100 shares, the short-interest ratio is presently 0.1 days.

Longfor Group Stock Down 0.3 %

Shares of LGFRY stock traded down C$0.04 during trading hours on Thursday, reaching C$12.92. 3,283 shares of the company traded hands, compared to its average volume of 15,254. The firm has a 50-day moving average price of C$13.24 and a 200 day moving average price of C$14.10. Longfor Group has a 12-month low of C$9.69 and a 12-month high of C$24.40.

Longfor Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, February 25th will be paid a $0.3034 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This is an increase from Longfor Group’s previous dividend of $0.28.

About Longfor Group

Longfor Group Holdings Limited, an investment holding company, engages in the property development, investment, and management businesses in the People's Republic of China. It operates through three segments: Property Development, Investment Property Operation, and Services and Others. The Property Development segment develops and sells office and commercial premises, and residential properties.