City Developments Ltd. (OTCMKTS:CDEVY) Stock Short Interest Declines 99.5%

City Developments Ltd. (OTCMKTS:CDEVY) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1 shares, a decrease of 99.5% from the August 31st total of 188 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,089 shares, the days-to-cover ratio is presently 0.0 days.

City Developments Trading Up 7.1%

CDEVY traded up $0.42 during trading on Thursday, hitting $6.37. 1,604 shares of the company’s stock traded hands, compared to its average volume of 6,895. The company’s 50 day simple moving average is $6.16 and its two-hundred day simple moving average is $6.34. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.77 and a current ratio of 0.77. City Developments has a 12-month low of $4.96 and a 12-month high of $8.20.

Wall Street Analyst Weigh In

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

About City Developments

City Developments Limited (CDL) is a Singapore-based global real estate operating company engaged in property development, investment and management. Its portfolio includes residential developments, commercial offices, retail properties, integrated developments and industrial assets. The company also provides property-related services, including facilities management and asset management.

Founded in 1963, CDL has developed a substantial presence in Singapore and operates internationally through residential, commercial and hospitality businesses.