New World Development Co. (OTCMKTS:NDVLY – Get Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 34 shares, a decrease of 87.4% from the August 15th total of 269 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 4,219 shares, the short-interest ratio is currently 0.0 days.
New World Development Stock Performance
New World Development stock remained flat at $0.37 during mid-day trading on Friday. The company had a trading volume of 500 shares, compared to its average volume of 1,356. The business has a 50 day simple moving average of $0.37 and a two-hundred day simple moving average of $0.45. New World Development has a 1-year low of $0.32 and a 1-year 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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