Short Interest in Nam Tai Property Inc (NYSE:NTP) Declines By 8.6%
Nam Tai Property Inc (NYSE:NTP) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 120,100 shares, a decline of 8.6% from the June 15th total of 131,400 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 13,100 shares, the days-to-cover ratio is presently 9.2 days.
Separately, TheStreet raised shares of Sanofi from a “c+” rating to a “b-” rating in a research report on Friday, June 21st.
Shares of NTP traded up $0.13 during midday trading on Monday, hitting $10.50. The company had a trading volume of 57,500 shares, compared to its average volume of 16,900. The firm has a 50 day moving average price of $9.89. Nam Tai Property has a 52 week low of $8.24 and a 52 week high of $10.80.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Nam Tai Property by 4.9% during the 4th quarter. BlackRock Inc. now owns 140,479 shares of the electronics maker’s stock worth $1,219,000 after buying an additional 6,553 shares in the last quarter. Barclays PLC increased its stake in Nam Tai Property by 134,175.0% during the 4th quarter. Barclays PLC now owns 5,371 shares of the electronics maker’s stock worth $47,000 after buying an additional 5,367 shares in the last quarter. Finally, Investors Research Corp purchased a new stake in Nam Tai Property during the 1st quarter worth approximately $76,000. 34.56% of the stock is owned by institutional investors.
About Nam Tai Property
Nam Tai Property Inc, through its subsidiaries, operates as a property development company in the People's Republic of China. The company owns and develops technology parks. It focuses on developing two parcels of land into commercial complexes in Gushu and Guangming, Shenzhen, as well as renting commercial complexes.
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