Short Interest in City Developments Limited (OTCMKTS:CDEVY) Grows By 173.9%

City Developments Limited (OTCMKTS:CDEVY) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 6,300 shares, an increase of 173.9% from the February 13th total of 2,300 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is presently 1.0 days.

City Developments Stock Performance

CDEVY opened at $3.78 on Thursday. The business has a 50 day moving average of $3.76 and a 200-day moving average of $3.90. City Developments has a 52 week low of $3.56 and a 52 week high of $4.62.

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.