City Developments Limited (OTCMKTS:CDEVY) Sees Large Increase in Short Interest

City Developments Limited (OTCMKTS:CDEVY) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 7,500 shares, a growth of 19.0% from the February 28th total of 6,300 shares. Based on an average trading volume of 13,900 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are short sold.

City Developments Price Performance

CDEVY stock traded up $0.07 during trading on Wednesday, reaching $3.75. 31,985 shares of the stock traded hands, compared to its average volume of 9,565. City Developments has a 52-week low of $3.56 and a 52-week high of $4.62. The business’s 50 day moving average price is $3.78 and its 200-day moving average price is $3.88.

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.