Guangdong Investment Limited (OTCMKTS:GGDVY – Get Rating) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 1,300 shares, a drop of 18.8% from the August 15th total of 1,600 shares. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is presently 0.4 days.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. cut Guangdong Investment from an "overweight" rating to a "neutral" rating in a report on Tuesday, June 21st.
Get Guangdong Investment alerts:Guangdong Investment Trading Up 1.8 %
OTCMKTS:GGDVY opened at $44.81 on Monday. The stock has a fifty day moving average price of $48.24 and a 200 day moving average price of $57.74. Guangdong Investment has a 12-month low of $42.88 and a 12-month high of $73.11.
About Guangdong Investment
(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.
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