Short Interest in City Developments Ltd. (OTCMKTS:CDEVY) Grows By 42.4%

City Developments Ltd. (OTCMKTS:CDEVY) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 5,979 shares, a growth of 42.4% from the March 15th total of 4,200 shares. Based on an average trading volume of 4,648 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.0% of the company’s shares are sold short.

City Developments Price Performance

City Developments stock remained flat at $6.36 during midday trading on Wednesday. 112 shares of the company traded hands, compared to its average volume of 2,642. The firm has a 50 day moving average price of $7.06 and a two-hundred day moving average price of $6.36. City Developments has a twelve month low of $3.36 and a twelve month high of $8.20. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.77 and a quick ratio of 0.77.

City Developments Company Profile

City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.

The company’s core activities include property development, investment and management.