Shimao Group Holdings Limited (OTCMKTS:SIOPF) Sees Large Growth in Short Interest

Shimao Group Holdings Limited (OTCMKTS:SIOPF) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 1,417,000 shares, a growth of 15,644.4% from the February 13th total of 9,000 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is presently 644.1 days.

Shimao Group Price Performance

Shimao Group stock opened at $0.13 on Thursday. The firm’s 50 day simple moving average is $0.18 and its 200 day simple moving average is $0.15. Shimao Group has a 1-year low of $0.13 and a 1-year high of $0.15.

About Shimao Group

Shimao Group Holdings Limited, an investment holding company, engages in the property development and investment business in the People’s Republic of China. The company develops and invests residential and commercial properties; and operates hotels and shopping malls. It is also involved in the trading of construction materials; management services; and property management activities.