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

City Developments Limited (OTCMKTS:CDEVY) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 3,000 shares, a drop of 40.0% from the December 15th total of 5,000 shares. Based on an average daily volume of 25,300 shares, the days-to-cover ratio is presently 0.1 days.

City Developments Stock Performance

City Developments stock traded up $0.01 during trading hours on Thursday, reaching $3.72. The stock had a trading volume of 8,185 shares, compared to its average volume of 8,938. The business’s 50 day moving average price is $3.83 and its 200-day moving average price is $3.94. City Developments has a 52 week low of $3.62 and a 52 week high of $4.86.

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.