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

City Developments Limited (OTCMKTS:CDEVY) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,100 shares, an increase of 175.0% from the March 31st total of 400 shares. Based on an average daily volume of 42,100 shares, the days-to-cover ratio is currently 0.0 days.

City Developments Stock Performance

OTCMKTS:CDEVY opened at $4.52 on Friday. City Developments has a 52-week low of $4.00 and a 52-week high of $5.67. The stock’s 50 day moving average price is $4.32 and its 200 day moving average price is $4.54.

City Developments Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 6th will be given a dividend of $0.0523 per share. The ex-dividend date of this dividend is Friday, May 3rd. This is a positive change from City Developments’s previous dividend of $0.03.

About City Developments

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 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, shopping malls and integrated developments.