China Overseas Property Holdings Limited (OTCMKTS:CNPPF – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 930,000 shares, a drop of 22.8% from the August 15th total of 1,205,000 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is currently 620.0 days.
China Overseas Property Stock Performance
OTCMKTS:CNPPF remained flat at $1.14 during mid-day trading on Monday. The firm has a 50 day moving average price of $1.05 and a 200-day moving average price of $1.11. China Overseas Property has a 12 month low of $0.68 and a 12 month high of $1.36.
Analyst Ratings Changes
Separately, Jefferies Financial Group upgraded shares of China Overseas Property from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd.
About China Overseas Property
China Overseas Property Holdings Limited, an investment holding company, provides property management services in Hong Kong, Macau, and the People's Republic of China. It operates through Property Management Services, Value-Added Services, and Car Parking Space Trading Business segments. The Property Management Services segment offers security, repair and maintenance, cleaning, and garden landscape maintenance services to residential communities, commercial properties, government properties, and construction sites.
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