City Developments Ltd. (OTCMKTS:CDEVY) Sees Large Growth in Short Interest

City Developments Ltd. (OTCMKTS:CDEVY) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,696 shares, an increase of 56.5% from the January 29th total of 1,084 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 15,531 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 15,531 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

City Developments Stock Up 5.2%

CDEVY opened at $7.68 on Friday. The business has a 50 day moving average of $7.10 and a 200-day moving average of $6.03. City Developments has a 12-month low of $3.24 and a 12-month high of $8.20.

Analyst Ratings Changes

Separately, Dbs Bank raised 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, the stock 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.