New World Development Company Limited (OTCMKTS:NDVLY) Short Interest Update

New World Development Company Limited (OTCMKTS:NDVLY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 5,500 shares, a decline of 43.3% from the November 30th total of 9,700 shares. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is currently 0.4 days.

New World Development Price Performance

New World Development stock opened at $0.37 on Friday. New World Development has a 12-month low of $0.34 and a 12-month high of $0.80. The firm has a 50 day moving average of $0.45 and a 200 day moving average of $0.48.

New World Development Company Profile

New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products.