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

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

Icade Stock Performance

CDMGF remained flat at $22.23 on Friday. Icade has a 12-month low of $22.23 and a 12-month high of $32.59. The company’s 50 day moving average is $25.09 and its 200 day moving average is $25.42.

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.