City Developments Limited (OTCMKTS:CDEVY) Short Interest Up 187.3% in October

City Developments Limited (OTCMKTS:CDEVY) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 18,100 shares, a growth of 187.3% from the September 30th total of 6,300 shares. Based on an average daily volume of 17,000 shares, the short-interest ratio is currently 1.1 days.

City Developments Stock Down 3.0 %

Shares of OTCMKTS CDEVY traded down $0.12 during midday trading on Friday, reaching $4.03. The stock had a trading volume of 123 shares, compared to its average volume of 21,215. City Developments has a twelve month low of $3.70 and a twelve month high of $5.06. The company’s 50 day moving average price is $4.07 and its 200 day moving average price is $4.09.

City Developments Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 26th were given a $0.0134 dividend. 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.