UOL Group Limited (OTCMKTS:UOLGY) Sees Significant Decrease in Short Interest

UOL Group Limited (OTCMKTS:UOLGY) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 5,000 shares, a decrease of 37.5% from the March 15th total of 8,000 shares. Based on an average trading volume of 10,200 shares, the days-to-cover ratio is currently 0.5 days.

Shares of OTCMKTS UOLGY opened at $23.50 on Friday. UOL Group has a fifty-two week low of $17.67 and a fifty-two week high of $24.39.

Separately, The Goldman Sachs Group began coverage on UOL Group in a research note on Tuesday, March 23rd. They issued a “neutral” rating on the stock.

UOL Group Company Profile

UOL Group Limited primarily engages in the property development and investment, and hotel businesses. Its property development projects include residential units, office towers and shopping malls, and hotels and serviced suites. The company also owns and/or manages approximately 30 hotels, resorts, and services suites under the Pan Pacific, PARKROYAL COLLECTION, and PARKROYAL names in Asia, Oceania, and North America with approximately 10,000 rooms in its portfolio.

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