New World Development Company Limited (OTCMKTS:NDVLY) Short Interest Up 73.5% in February

New World Development Company Limited (OTCMKTS:NDVLY) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 128,900 shares, an increase of 73.5% from the January 31st total of 74,300 shares. Based on an average trading volume of 19,300 shares, the short-interest ratio is currently 6.7 days.

New World Development Stock Down 2.8 %

OTCMKTS:NDVLY traded down $0.01 on Friday, reaching $0.35. The company’s stock had a trading volume of 3,066 shares, compared to its average volume of 7,410. New World Development has a 1-year low of $0.22 and a 1-year high of $0.69. The business’s 50-day moving average price is $0.33 and its two-hundred day moving average price is $0.43.

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.