Short Interest in City Developments Ltd. (OTCMKTS:CDEVY) Decreases By 63.7%

City Developments Ltd. (OTCMKTS:CDEVY) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 616 shares, a drop of 63.7% from the February 12th total of 1,696 shares. Based on an average trading volume of 76,586 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 76,586 shares, the short-interest ratio is presently 0.0 days.

City Developments Trading Down 1.7%

OTCMKTS:CDEVY opened at $6.96 on Friday. City Developments has a 1 year low of $3.24 and a 1 year high of $8.20. The firm’s fifty day simple moving average is $7.28 and its 200 day simple moving average is $6.14.

Wall Street Analysts Forecast Growth

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

About City Developments

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.