City Developments Limited (OTCMKTS:CDEVY) Sees Significant Drop in Short Interest

City Developments Limited (OTCMKTS:CDEVY) was the target of a large decline in short interest during 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.

City Developments Stock Down 4.3 %

Shares of CDEVY stock opened at $3.69 on Wednesday. City Developments has a 12 month low of $3.68 and a 12 month high of $5.06. The firm’s 50-day moving average is $3.96 and its two-hundred day moving average is $3.98.

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.