New World Development Co. (OTCMKTS:NDVLY) Short Interest Update

New World Development Co. (OTCMKTS:NDVLY) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 33,236 shares, a decline of 20.6% from the February 12th total of 41,877 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 4,851 shares, the days-to-cover ratio is currently 6.9 days. Based on an average daily trading volume, of 4,851 shares, the days-to-cover ratio is currently 6.9 days. Approximately 0.0% of the shares of the company are short sold.

New World Development Stock Down 15.0%

Shares of OTCMKTS:NDVLY traded down $0.09 during midday trading on Friday, reaching $0.51. 2,253 shares of the company’s stock were exchanged, compared to its average volume of 2,493. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.89 and a quick ratio of 4.89. The company’s 50 day simple moving average is $0.58 and its two-hundred day simple moving average is $0.48. New World Development has a 12 month low of $0.21 and a 12 month high of $0.80.

New World Development Company Profile

New World Development Company Limited is a Hong Kong–based conglomerate founded in 1970 by Dr. Cheng Yu-Tung. The company’s core business lies in property development and investment, encompassing residential, commercial and retail projects. Through its flagship developments and joint ventures, New World Development has established a reputation for large-scale mixed-use complexes, premium office towers and luxury residential communities in Greater China and beyond.

Beyond property, New World Development has diversified into infrastructure and services via its listed subsidiary, NWS Holdings.