City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 2,475 shares, a decline of 76.4% from the September 30th total of 10,505 shares. Based on an average daily volume of 6,246 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.
City Developments Price Performance
CDEVY stock remained flat at $5.61 on Friday. The company had a trading volume of 235 shares, compared to its average volume of 3,239. The firm’s 50 day simple moving average is $6.01 and its two-hundred day simple moving average is $6.46. City Developments has a one year low of $5.15 and a one year high of $8.20.
About City Developments
City Developments Limited (OTCMKTS:CDEVY), commonly known as CDL, is a Singapore-based real estate company engaged in property development, investment, and management. Its portfolio includes residential properties, office buildings, retail spaces, hotels, serviced residences, and mixed-use developments.
Founded in 1963, CDL has developed projects in Singapore and maintains an international presence across markets in Asia, the United Kingdom, Australia, Europe, and the United States. The company serves homebuyers, commercial tenants, institutional investors, and hospitality customers through its property and hotel businesses.
CDL also operates through its hospitality interests, including the Millennium & Copthorne hotel brand.
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