City Developments Ltd. (OTCMKTS:CDEVY) Short Interest Down 53.8% in July

City Developments Ltd. (OTCMKTS:CDEVY) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 860 shares, a decrease of 53.8% from the June 30th total of 1,862 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 6,929 shares, the days-to-cover ratio is currently 0.1 days.

City Developments Price Performance

CDEVY opened at $5.86 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.77 and a quick ratio of 0.77. City Developments has a 12 month low of $4.39 and a 12 month high of $8.20. The business has a 50 day simple moving average of $6.23 and a 200-day simple moving average of $6.69.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of City Developments from a “strong sell” rating to a “buy” rating in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, City Developments has an average rating of “Buy”.

City Developments Company Profile

City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.

The company’s core activities include property development, investment and management.