New World Development Company Limited (OTCMKTS:NDVLY) Short Interest Update

New World Development Company Limited (OTCMKTS:NDVLY) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 28,600 shares, a drop of 78.8% from the February 28th total of 134,900 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 32,900 shares, the days-to-cover ratio is presently 0.9 days.

New World Development Stock Down 14.4 %

New World Development stock opened at $0.31 on Thursday. New World Development has a fifty-two week low of $0.22 and a fifty-two week high of $0.69. The company has a 50 day moving average price of $0.33 and a 200-day moving average price of $0.41.

About New World Development

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.