New World Development Company Limited (OTCMKTS:NDVLY) Short Interest Up 15.8% in August

New World Development Company Limited (OTCMKTS:NDVLY) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 23,400 shares, an increase of 15.8% from the August 15th total of 20,200 shares. Based on an average daily trading volume, of 4,200 shares, the short-interest ratio is currently 5.6 days.

New World Development Stock Performance

OTCMKTS:NDVLY traded up $0.02 during trading hours on Tuesday, reaching $0.46. The stock had a trading volume of 15,783 shares, compared to its average volume of 6,429. The company has a 50 day moving average price of $0.46 and a two-hundred day moving average price of $0.51. New World Development has a 52 week low of $0.35 and a 52 week high of $1.04.

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.