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

City Developments Limited (OTCMKTS:CDEVYGet Rating) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 6,500 shares, an increase of 242.1% from the March 15th total of 1,900 shares. Based on an average trading volume of 19,800 shares, the days-to-cover ratio is currently 0.3 days.

OTCMKTS:CDEVY opened at $6.01 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average price of $5.49 and a 200-day moving average price of $5.32. City Developments has a 1-year low of $4.68 and a 1-year high of $6.24.

City Developments Company Profile (Get Rating)

City Developments Limited (CDL) is a leading global real estate operating company with a network spanning 103 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, integrated developments and shopping malls.

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