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Guangdong Investment Limited (OTCMKTS:GGDVY) Short Interest Update

Defense World ·  Jul 30, 2022 03:21

Guangdong Investment Limited (OTCMKTS:GGDVY – Get Rating) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 500 shares, a growth of 400.0% from the June 30th total of 100 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. downgraded Guangdong Investment from an "overweight" rating to a "neutral" rating in a research report on Tuesday, June 21st.

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Guangdong Investment Trading Down 0.8 %

Shares of GGDVY stock opened at $48.32 on Friday. The business's 50 day moving average is $56.22 and its two-hundred day moving average is $63.11. Guangdong Investment has a 12-month low of $48.32 and a 12-month high of $75.10.

Guangdong Investment Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, August 12th. Shareholders of record on Monday, June 27th will be issued a dividend of $2.6647 per share. The ex-dividend date of this dividend is Friday, June 24th. This represents a dividend yield of 6.75%.

Guangdong Investment Company Profile

(Get Rating)

Guangdong Investment Limited, an investment holding company, engages in water resources, property investment and development, department store operation, energy project operation, road and bridge operation, and hotel businesses. Its Water Resources segment provides water distribution, sewage treatment, infrastructure and water pipeline installation services, as well as constructs water supply and sewage treatment infrastructure in Mainland China and Hong Kong.

Further Reading

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