New World Development Company Limited (OTCMKTS:NDVLY) Sees Significant Increase in Short Interest

New World Development Company Limited (OTCMKTS:NDVLY) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 28,100 shares, an increase of 410.9% from the December 15th total of 5,500 shares. Based on an average trading volume of 21,400 shares, the short-interest ratio is presently 1.3 days.

New World Development Stock Down 6.1 %

Shares of NDVLY traded down $0.02 during trading hours on Monday, reaching $0.31. 5,012 shares of the company traded hands, compared to its average volume of 8,585. New World Development has a fifty-two week low of $0.27 and a fifty-two week high of $0.73. The stock has a fifty day simple moving average of $0.40 and a 200 day simple moving average of $0.46.

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.