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

City Developments Limited (OTCMKTS:CDEVY) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 1,800 shares, an increase of 28.6% from the January 15th total of 1,400 shares. Based on an average daily trading volume, of 14,900 shares, the days-to-cover ratio is currently 0.1 days.

City Developments Stock Performance

Shares of City Developments stock traded up $0.11 on Friday, hitting $3.71. 5,493 shares of the company traded hands, compared to its average volume of 8,201. City Developments has a 12-month low of $3.56 and a 12-month high of $4.81. The firm’s 50-day simple moving average is $3.75 and its 200 day simple moving average is $3.91.

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.