New World Development Co. (OTCMKTS:NDVLY – Get Free Report) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 104 shares, an increase of 205.9% from the May 14th total of 34 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,978 shares, the days-to-cover ratio is presently 0.0 days.
New World Development Price Performance
OTCMKTS NDVLY traded up $0.03 on Friday, hitting $0.46. The company had a trading volume of 231 shares, compared to its average volume of 1,874. The company’s fifty day moving average price is $0.49 and its 200-day moving average price is $0.51. New World Development has a 12-month low of $0.31 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.
Featured Articles
- Five stocks we like better than New World Development
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Receive News & Ratings for New World Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New World Development and related companies with MarketBeat.com's FREE daily email newsletter.
