City Developments Limited (OTCMKTS:CDEVY) Short Interest Down 90.0% in May

City Developments Limited (OTCMKTS:CDEVY) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 2,400 shares, a decrease of 90.0% from the May 15th total of 24,000 shares. Based on an average daily volume of 39,100 shares, the short-interest ratio is currently 0.1 days.

City Developments Trading Down 1.3 %

OTCMKTS:CDEVY traded down $0.05 during trading hours on Thursday, reaching $3.87. The company’s stock had a trading volume of 11,413 shares, compared to its average volume of 17,469. City Developments has a one year low of $3.84 and a one year high of $5.67. The business’s 50-day moving average is $4.30 and its 200-day moving average is $4.47.

City Developments Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 6th were issued a $0.0523 dividend. The ex-dividend date was Friday, May 3rd. This is a boost from City Developments’s previous dividend of $0.03.

About City Developments

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.