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Short Interest in City Developments Limited (OTCMKTS:CDEVY) Decreases By 6.7%


Short Interest in City Developments Limited (OTCMKTS:CDEVY) Decreases By 6.7%

City Developments Limited (OTCMKTS:CDEVY - Get Free Report) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 5,600 shares, a decline of 6.7% from the November 15th total of 6,000 shares. Based on an average daily volume of 8,400 shares, the short-interest ratio is presently 0.7 days.

Shares of OTCMKTS:CDEVY traded down $0.04 during midday trading on Monday, reaching $3.89. The company had a trading volume of 1,100 shares, compared to its average volume of 19,546. City Developments has a 1-year low of $3.68 and a 1-year high of $5.06. The company has a fifty day simple moving average of $3.97 and a two-hundred day simple moving average of $3.98.

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.

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