City Developments Ltd. (OTCMKTS:CDEVY) Short Interest Down 35.8% in April
by Teresa Graham · The Cerbat GemCity Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 3,839 shares, a decrease of 35.8% from the March 31st total of 5,979 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 5,104 shares, the days-to-cover ratio is currently 0.8 days.
City Developments Stock Performance
City Developments stock traded down $0.09 during mid-day trading on Tuesday, hitting $6.47. 1,067 shares of the company’s stock were exchanged, compared to its average volume of 12,360. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.00. City Developments has a 1-year low of $3.38 and a 1-year high of $8.20. The stock has a 50 day moving average of $6.88 and a two-hundred day moving average of $6.44.
City Developments Company Profile
City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.
The company’s core activities include property development, investment and management.