Shanghai Industrial Holdings Limited (OTCMKTS:SGHIY) Sees Significant Increase in Short Interest

by · The Cerbat Gem

Shanghai Industrial Holdings Limited (OTCMKTS:SGHIY – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 700 shares, an increase of 600.0% from the September 15th total of 100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 7.0 days.

Shanghai Industrial Price Performance

Shares of OTCMKTS SGHIY remained flat at $14.50 during mid-day trading on Thursday. Shanghai Industrial has a 52-week low of $14.50 and a 52-week high of $14.50. The business’s 50-day simple moving average is $14.02 and its two-hundred day simple moving average is $13.80.

Shanghai Industrial Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, September 24th will be given a dividend of $0.5186 per share. This represents a dividend yield of 8.37%. The ex-dividend date is Monday, September 23rd.

Shanghai Industrial Company Profile

(Get Free Report)

Shanghai Industrial Holdings Limited, an investment holding company, engages in the infrastructure and environmental protection, real estate, consumer products, and comprehensive healthcare operations businesses in Hong Kong, China, rest of Asia, and internationally. The company invests in toll road projects and water services/clean energy businesses.

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