New World Development Company Limited (OTCMKTS:NDVLY) Sees Significant Decrease in Short Interest

New World Development Company Limited (OTCMKTS:NDVLY) was the target of 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. Based on an average daily volume of 32,900 shares, the short-interest ratio is currently 0.9 days. Approximately 0.0% of the company’s stock are sold short.

New World Development Stock Performance

OTCMKTS:NDVLY traded up $0.00 during trading hours on Friday, hitting $0.36. The company’s stock had a trading volume of 9,166 shares, compared to its average volume of 10,314. New World Development has a 52-week low of $0.22 and a 52-week high of $0.69. The stock has a fifty day moving average of $0.34 and a 200-day moving average of $0.41.

New World Development Company Profile

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.