Hysan Development Company Limited (OTCMKTS:HYSNY) Short Interest Up 18.3% in March

Hysan Development Company Limited (OTCMKTS:HYSNY) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 7,100 shares, an increase of 18.3% from the February 29th total of 6,000 shares. Based on an average daily volume of 52,800 shares, the short-interest ratio is currently 0.1 days.

Hysan Development Price Performance

Shares of HYSNY opened at $3.23 on Friday. The firm has a 50 day simple moving average of $3.38 and a 200-day simple moving average of $3.67. Hysan Development has a 1-year low of $3.00 and a 1-year high of $6.30.

Hysan Development Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 1st. Shareholders of record on Thursday, March 7th will be paid a $0.1971 dividend. This is a boost from Hysan Development’s previous dividend of $0.06. The ex-dividend date is Wednesday, March 6th. Hysan Development’s payout ratio is presently 3.58%.

About Hysan Development

Hysan Development Co, Ltd. is a leading property investment, management and development company. Its core asset portfolio, Lee Gardens in Hong Kong, has approximately 4.5 million square feet of high-quality office, retail and residential floor area. Hysan has been rooted in Hong Kong for nearly a hundred years, operating with heart, focusing on community building, integration of old and new, technology application, and sustainable development.