Short Interest in City Developments Limited (OTCMKTS:CDEVY) Declines By 10.7%

City Developments Limited (OTCMKTS:CDEVY) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 5,000 shares, a decline of 10.7% from the November 30th total of 5,600 shares. Based on an average trading volume of 14,000 shares, the days-to-cover ratio is currently 0.4 days.

City Developments Stock Down 0.3 %

Shares of CDEVY stock traded down $0.01 during midday trading on Tuesday, reaching $3.69. 15,840 shares of the stock were exchanged, compared to its average volume of 19,242. City Developments has a 1 year low of $3.62 and a 1 year high of $5.06. The company’s 50 day moving average is $3.89 and its two-hundred day moving average is $3.95.

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.