City Developments Ltd. (OTCMKTS:CDEVY) Short Interest Up 447.5% in January

City Developments Ltd. (OTCMKTS:CDEVY) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 1,084 shares, a growth of 447.5% from the January 15th total of 198 shares. Based on an average daily volume of 36,017 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 36,017 shares, the days-to-cover ratio is currently 0.0 days.

City Developments Stock Performance

OTCMKTS CDEVY opened at $7.71 on Wednesday. City Developments has a 1 year low of $3.24 and a 1 year high of $7.87. The stock’s 50-day moving average price is $6.57 and its two-hundred day moving average price is $5.77.

Analysts Set New Price Targets

Separately, Dbs Bank upgraded shares of City Developments to a “moderate buy” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, City Developments currently has a consensus rating of “Buy”.

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.