City Developments Limited (OTCMKTS:CDEVY) Short Interest Update

City Developments Limited (OTCMKTS:CDEVYGet Rating) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 12,300 shares, an increase of 12,200.0% from the April 30th total of 100 shares. Based on an average daily volume of 12,100 shares, the short-interest ratio is presently 1.0 days.

Separately, Zacks Investment Research lowered shares of City Developments from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd.

Shares of City Developments stock traded up $0.29 during trading on Wednesday, hitting $6.30. 4,014 shares of the stock were exchanged, compared to its average volume of 9,006. The stock’s fifty day moving average is $5.98 and its 200 day moving average is $5.48. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.64. City Developments has a 12 month low of $4.68 and a 12 month high of $6.79.

The company also recently declared a dividend, which will be paid on Monday, June 6th. Stockholders of record on Wednesday, May 4th will be given a dividend of $0.0518 per share. The ex-dividend date is Tuesday, May 3rd. This represents a dividend yield of 1.12%.

About City Developments (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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