City Developments Limited (OTCMKTS:CDEVY) Short Interest Up 280.0% in May

City Developments Limited (OTCMKTS:CDEVY) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 3,800 shares, an increase of 280.0% from the April 30th total of 1,000 shares. Based on an average daily trading volume, of 6,700 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

City Developments Trading Up 2.8%

Shares of City Developments stock opened at $3.85 on Friday. City Developments has a 52-week low of $3.24 and a 52-week high of $4.54. The stock has a 50-day simple moving average of $3.70 and a 200-day simple moving average of $3.76.

City Developments Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 6th were paid a $0.0477 dividend. This represents a dividend yield of 1.25%. This is an increase from City Developments’s previous dividend of $0.01. The ex-dividend date of this dividend was Monday, May 5th.

City Developments Company Profile

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.