Icade (OTCMKTS:CDMGF) Sees Large Decrease in Short Interest

Icade (OTCMKTS:CDMGF) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 47,700 shares, a decrease of 19.6% from the December 31st total of 59,300 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 477.0 days.

Icade Price Performance

Shares of OTCMKTS CDMGF traded down $0.30 during midday trading on Thursday, reaching $23.20. 210 shares of the company’s stock traded hands, compared to its average volume of 155. The stock’s 50 day simple moving average is $24.01 and its 200-day simple moving average is $25.31. Icade has a one year low of $22.23 and a one year high of $32.59.

About Icade

Icade is a full-service real estate company with expertise in both commercial property investment (portfolio worth 6.8bn on a full consolidation basis as of 12/31/2023) and property development (2023 economic revenue of 1.3bn) that operates throughout France. Icade has forged longterm partnerships to respond to emerging trends in the industry.