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

New World Development Company Limited (OTCMKTS:NDVLY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 28,100 shares, a growth of 410.9% from the December 15th total of 5,500 shares. Based on an average daily trading volume, of 21,400 shares, the days-to-cover ratio is presently 1.3 days.

New World Development Stock Performance

Shares of New World Development stock traded down $0.02 during trading hours on Monday, reaching $0.31. The stock had a trading volume of 5,012 shares, compared to its average volume of 8,585. The firm has a 50 day simple moving average of $0.40 and a two-hundred day simple moving average of $0.46. New World Development has a 1 year low of $0.27 and a 1 year high of $0.73.

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.