New World Development Company Limited (OTCMKTS:NDVLY) Short Interest Up 73.5% in February

New World Development Company Limited (OTCMKTS:NDVLY) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 128,900 shares, an increase of 73.5% from the January 31st total of 74,300 shares. Based on an average daily volume of 19,300 shares, the days-to-cover ratio is currently 6.7 days.

New World Development Price Performance

Shares of NDVLY stock traded down $0.01 during trading hours on Friday, hitting $0.35. 3,066 shares of the company’s stock were exchanged, compared to its average volume of 7,410. The stock’s 50-day moving average is $0.33 and its 200-day moving average is $0.43. New World Development has a 52 week low of $0.22 and a 52 week 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.