New World Development Company Limited (OTCMKTS:NDVLY) Sees Large Drop in Short Interest

New World Development Company Limited (OTCMKTS:NDVLY) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 28,600 shares, a drop of 78.8% from the February 28th total of 134,900 shares. Based on an average trading volume of 32,900 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the company’s shares are sold short.

New World Development Stock Up 0.5 %

OTCMKTS:NDVLY traded up $0.00 on Friday, reaching $0.36. 9,166 shares of the company’s stock were exchanged, compared to its average volume of 10,314. New World Development has a 52-week low of $0.22 and a 52-week high of $0.69. The business has a fifty day moving average of $0.34 and a 200-day moving average of $0.41.

New World Development Company Profile

New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products.