City Developments Ltd. (OTCMKTS:CDEVY) Stock Short Interest Rises 1,050,400.0%

City Developments Ltd. (OTCMKTS:CDEVY) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 10,505 shares, a growth of 1,050,400.0% from the September 15th total of 1 shares. Based on an average daily volume of 5,687 shares, the short-interest ratio is currently 1.8 days. Approximately 0.0% of the shares of the stock are sold short.

City Developments Stock Up 6.2%

OTCMKTS CDEVY traded up $0.34 on Friday, reaching $5.90. 1,491 shares of the company’s stock traded hands, compared to its average volume of 6,816. City Developments has a 12 month low of $5.04 and a 12 month high of $8.20. The stock has a 50-day simple moving average of $6.14 and a 200 day simple moving average of $6.26.

About City Developments

City Developments Limited (OTCMKTS:CDEVY), commonly known as CDL, is a Singapore-based real estate operating company engaged in property development, investment and management. Its portfolio includes residential projects, office buildings, retail properties and integrated developments, with activities spanning the acquisition, development and management of real estate assets.

Founded in 1963, CDL has developed projects in Singapore and maintains an international presence through operations and investments in markets including the United Kingdom, Australia, Japan and other parts of Asia and Europe.