New World Development Co. (OTCMKTS:NDVLY – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 299 shares, a growth of 187.5% from the May 31st total of 104 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 3,404 shares, the days-to-cover ratio is presently 0.1 days.
New World Development Price Performance
OTCMKTS NDVLY remained flat at $0.38 on Monday. The company’s stock had a trading volume of 3,094 shares, compared to its average volume of 2,194. The business has a 50 day moving average price of $0.48 and a 200-day moving average price of $0.51. New World Development has a 12-month low of $0.32 and a 12-month high of $0.80.
New World Development Company Profile
New World Development Company Limited is a Hong Kong–based conglomerate founded in 1970 by Dr. Cheng Yu-Tung. The company’s core business lies in property development and investment, encompassing residential, commercial and retail projects. Through its flagship developments and joint ventures, New World Development has established a reputation for large-scale mixed-use complexes, premium office towers and luxury residential communities in Greater China and beyond.
Beyond property, New World Development has diversified into infrastructure and services via its listed subsidiary, NWS Holdings.
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