City Developments Limited (OTCMKTS:CDEVY) Sees Significant Growth in Short Interest

City Developments Limited (OTCMKTS:CDEVY) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 3,700 shares, an increase of 1,750.0% from the June 15th total of 200 shares. Based on an average daily volume of 49,200 shares, the short-interest ratio is currently 0.1 days.

City Developments Stock Performance

Shares of CDEVY stock traded up $0.03 on Thursday, hitting $3.83. The stock had a trading volume of 2,553 shares, compared to its average volume of 17,303. City Developments has a 12-month low of $3.70 and a 12-month high of $5.67. The business has a 50 day moving average of $4.11 and a 200 day moving average of $4.35.

About City Developments

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.