City Developments Limited (OTCMKTS:CDEVY) Sees Large Decline in Short Interest

City Developments Limited (OTCMKTS:CDEVY) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 2,500 shares, a decrease of 86.2% from the October 15th total of 18,100 shares. Based on an average daily volume of 22,600 shares, the short-interest ratio is currently 0.1 days.

City Developments Stock Performance

CDEVY stock traded down $0.08 during mid-day trading on Thursday, hitting $3.97. The stock had a trading volume of 7,278 shares, compared to its average volume of 20,795. The company has a fifty day moving average of $4.08 and a 200 day moving average of $4.06. City Developments has a 1-year low of $3.70 and a 1-year high of $5.06.

About City Developments

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.