Short Interest in New World Development Company Limited (OTCMKTS:NDVLY) Declines By 78.8%

New World Development Company Limited (OTCMKTS:NDVLY) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 28,600 shares, a decline of 78.8% from the February 28th total of 134,900 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 32,900 shares, the short-interest ratio is presently 0.9 days.

New World Development Stock Performance

Shares of New World Development stock opened at $0.31 on Thursday. New World Development has a 12-month low of $0.22 and a 12-month high of $0.69. The firm’s 50 day simple moving average is $0.33 and its two-hundred day simple moving average is $0.41.

About New World Development

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.