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

City Developments logo with Finance background

City Developments Limited (OTCMKTS:CDEVY - Get Free Report) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 3,000 shares, a decline of 40.0% from the December 15th total of 5,000 shares. Based on an average daily volume of 25,300 shares, the short-interest ratio is currently 0.1 days.

City Developments Stock Performance

Shares of CDEVY traded up $0.01 on Tuesday, reaching $3.66. The company's stock had a trading volume of 587 shares, compared to its average volume of 2,706. City Developments has a 12-month low of $3.62 and a 12-month high of $4.86. The stock's 50 day simple moving average is $3.84 and its two-hundred day simple moving average is $3.94.

About City Developments

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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.

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