New World Development Company Limited (OTCMKTS:NDVLY - Get Free Report) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 5,500 shares, a drop of 43.3% from the November 30th total of 9,700 shares. Based on an average daily volume of 13,700 shares, the days-to-cover ratio is currently 0.4 days.
New World Development Stock Down 3.2 %
NDVLY traded down $0.00 on Friday, hitting $0.39. 4,399 shares of the company's stock traded hands, compared to its average volume of 10,891. New World Development has a one year low of $0.34 and a one year high of $0.80. The company's 50 day simple moving average is $0.45 and its 200-day simple moving average is $0.47.
About New World Development
(
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New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products.
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