City Developments Limited (OTCMKTS:CDEVY) Short Interest Down 64.0% in September

City Developments Limited (OTCMKTS:CDEVY) saw a significant decrease in short interest in September. As of September 15th, there was short interest totalling 3,200 shares, a decrease of 64.0% from the August 31st total of 8,900 shares. Based on an average daily volume of 19,400 shares, the short-interest ratio is presently 0.2 days.

City Developments Price Performance

CDEVY traded down $0.09 during mid-day trading on Friday, hitting $4.12. 13,103 shares of the stock were exchanged, compared to its average volume of 22,452. The firm’s fifty day moving average is $3.99 and its two-hundred day moving average is $4.12. City Developments has a 1-year low of $3.70 and a 1-year high of $5.06.

City Developments Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 26th were paid a $0.0134 dividend. The ex-dividend date of this dividend was Monday, August 26th.

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.