Longfor Group Holdings Limited (OTCMKTS:LGFRY – Get Free Report) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 3,100 shares, a drop of 38.0% from the January 31st total of 5,000 shares. Based on an average trading volume of 31,700 shares, the days-to-cover ratio is presently 0.1 days.
Longfor Group Stock Down 1.0 %
Longfor Group stock opened at C$13.74 on Tuesday. The stock’s 50 day moving average is C$12.85 and its 200 day moving average is C$13.80. Longfor Group has a one year low of C$9.69 and a one year high of C$24.40.
Longfor Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, February 25th will be paid a $0.3034 dividend. This is a positive change from Longfor Group’s previous dividend of $0.28. The ex-dividend date is Tuesday, February 25th.
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.
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