New World Development Company Limited (OTCMKTS:NDVLY) Short Interest Down 78.8% in March

New World Development Company Limited (OTCMKTS:NDVLY) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 28,600 shares, a drop of 78.8% from the February 28th total of 134,900 shares. Based on an average daily volume of 32,900 shares, the short-interest ratio is presently 0.9 days. Currently, 0.0% of the shares of the stock are short sold.

New World Development Trading Down 14.4 %

Shares of New World Development stock traded down $0.05 during midday trading on Wednesday, hitting $0.31. 4,756 shares of the company traded hands, compared to its average volume of 10,236. The firm’s fifty day moving average price is $0.33 and its 200-day moving average price is $0.41. New World Development has a 12 month low of $0.22 and a 12 month high of $0.69.

New World Development Company Profile

New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products.