Short Interest in City Developments Limited (OTCMKTS:CDEVY) Drops By 40.0%

City Developments Limited (OTCMKTS:CDEVY) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 3,000 shares, a decrease of 40.0% from the December 31st total of 5,000 shares. Based on an average trading volume of 25,300 shares, the days-to-cover ratio is currently 0.1 days.

City Developments Price Performance

CDEVY traded up $0.07 during trading on Wednesday, reaching $3.76. The stock had a trading volume of 896 shares, compared to its average volume of 8,761. City Developments has a one year low of $3.61 and a one year high of $4.81. The stock’s 50 day moving average is $3.80 and its two-hundred day moving average is $3.94.

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.