Short Interest in Shenzhen Investment Holdings Bay Area Development Company Limited (OTCMKTS:SIHBY) Decreases By 15.4%

Shenzhen Investment Holdings Bay Area Development Company Limited (OTCMKTS:SIHBY) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 1,100 shares, a decline of 15.4% from the September 30th total of 1,300 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 2.8 days.

Shenzhen Investment Holdings Bay Area Development Price Performance

Shenzhen Investment Holdings Bay Area Development stock remained flat at $2.63 during midday trading on Wednesday. 45 shares of the company’s stock traded hands, compared to its average volume of 4,116. Shenzhen Investment Holdings Bay Area Development has a twelve month low of $1.33 and a twelve month high of $2.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $2.20 and a 200-day simple moving average of $2.02.

Shenzhen Investment Holdings Bay Area Development Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, September 24th will be given a $0.0893 dividend. The ex-dividend date of this dividend is Tuesday, September 24th.

Shenzhen Investment Holdings Bay Area Development Company Profile

Shenzhen Investment Holdings Bay Area Development Company Limited, an investment holding company, initiates, promotes, develops, and operates toll expressways and bridges in the People’s Republic of China. The company operates through Coastal Expressway (Shenzhen Section), GS Superhighway, GZ West Superhighway, and Xintang Interchange segments.