Shangri-La Asia Ltd. (OTCMKTS:SHALY) Sees Significant Increase in Short Interest

Shangri-La Asia Ltd. (OTCMKTS:SHALY - Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 438 shares, an increase of 102.8% from the March 15th total of 216 shares. Based on an average daily trading volume, of 41 shares, the short-interest ratio is presently 10.7 days. Approximately 0.0% of the shares of the stock are short sold.Get Shangri-La Asia alerts:Shangri-La Asia Stock PerformanceSHALY stock opened at $11.85 on Friday. Shangri-La Asia has a 12-month low of $10.40 and a 12-month high of $14.84. The business's 50-day moving average is $11.56 and its 200 day moving average is $11.56. Shangri-La Asia Company Profile (Get Free Report)Shangri-La Asia Limited is a Hong Kong–based hospitality group principally engaged in the development, ownership and operation of luxury hotels, resorts and serviced apartments. The company's flagship brand, Shangri-La Hotels and Resorts, encompasses properties that feature high-end accommodations, specialty dining venues, spa and wellness facilities, and meeting and event spaces tailored for both leisure and business travelers. In addition to its core Shangri-La portfolio, the company manages a range of complementary brands, including Kerry Hotels, Hotel Jen and Traders Hotels, each designed to address distinct market segments within the hotel industry. Since its establishment in 1971 by entrepreneur Robert Kuok, Shangri-La Asia has expanded its footprint across more than 20 countries and territories.Recommended StoriesFive stocks we like better than Shangri-La AsiaThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Shangri-La Asia Right Now?Before you consider Shangri-La Asia, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shangri-La Asia wasn't on the list.While Shangri-La Asia currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here