New World Development Co. (OTCMKTS:NDVLY) Short Interest Update

New World Development Co. (OTCMKTS:NDVLY) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 34 shares, a decline of 99.9% from the April 30th total of 27,016 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 20,977 shares, the short-interest ratio is presently 0.0 days.

New World Development Price Performance

NDVLY stock traded down $0.02 during midday trading on Wednesday, hitting $0.47. The stock had a trading volume of 1,211 shares, compared to its average volume of 6,541. New World Development has a 1-year low of $0.30 and a 1-year high of $0.80. The business has a fifty day moving average price of $0.51 and a two-hundred day moving average price of $0.50.

About New World Development

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.