City Developments Limited (OTCMKTS:CDEVY) Sees Large Increase in Short Interest

City Developments Limited (OTCMKTS:CDEVY) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 6,000 shares, an increase of 140.0% from the October 31st total of 2,500 shares. Based on an average trading volume of 31,000 shares, the days-to-cover ratio is currently 0.2 days.

City Developments Stock Down 0.4 %

Shares of City Developments stock traded down $0.02 during midday trading on Friday, reaching $3.90. 1,836 shares of the company’s stock traded hands, compared to its average volume of 20,007. City Developments has a 52 week low of $3.68 and a 52 week high of $5.06. The company’s 50 day simple moving average is $4.04 and its 200 day simple moving average is $4.02.

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.