City Developments Limited (OTCMKTS:CDEVY) Sees Significant Decrease in Short Interest

City Developments Limited (OTCMKTS:CDEVY) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 3,200 shares, a decrease of 64.0% from the August 31st total of 8,900 shares. Based on an average trading volume of 19,400 shares, the days-to-cover ratio is currently 0.2 days.

City Developments Price Performance

CDEVY stock traded down $0.09 during trading on Friday, hitting $4.12. 13,103 shares of the company’s stock were exchanged, compared to its average volume of 22,452. City Developments has a 52-week low of $3.70 and a 52-week high of $5.06. The business has a 50-day moving average price of $3.99 and a two-hundred day moving average price of $4.12.

City Developments Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 26th were paid a dividend of $0.0134 per share. The ex-dividend date was Monday, August 26th.

About City Developments

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.