Short Interest in City Developments Limited (OTCMKTS:CDEVY) Grows By 173.9%

City Developments Limited (OTCMKTS:CDEVY) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 6,300 shares, an increase of 173.9% from the February 13th total of 2,300 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,600 shares, the short-interest ratio is presently 1.0 days.

City Developments Trading Down 3.7 %

Shares of CDEVY traded down $0.15 during midday trading on Friday, hitting $3.90. The company’s stock had a trading volume of 20,944 shares, compared to its average volume of 7,775. City Developments has a one year low of $3.56 and a one year high of $4.62. The company’s fifty day simple moving average is $3.77 and its two-hundred day simple moving average is $3.90.

City Developments Company Profile

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.