City Developments Ltd. (OTCMKTS:CDEVY) Sees Significant Drop in Short Interest

City Developments Ltd. (OTCMKTS:CDEVY) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,475 shares, a decline of 76.4% from the September 30th total of 10,505 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,246 shares, the short-interest ratio is presently 0.4 days.

City Developments Stock Performance

Shares of OTCMKTS:CDEVY remained flat at $5.80 during midday trading on Thursday. 902 shares of the stock traded hands, compared to its average volume of 6,502. The stock has a fifty day moving average price of $6.02 and a 200-day moving average price of $6.46. City Developments has a one year low of $5.15 and a one year high of $8.20.

City Developments Company Profile

City Developments Limited (OTCMKTS:CDEVY), commonly known as CDL, is a Singapore-based real estate company engaged in property development, investment, and management. Its portfolio includes residential properties, office buildings, retail spaces, hotels, serviced residences, and mixed-use developments.

Founded in 1963, CDL has developed projects in Singapore and maintains an international presence across markets in Asia, the United Kingdom, Australia, Europe, and the United States. The company serves homebuyers, commercial tenants, institutional investors, and hospitality customers through its property and hotel businesses.

CDL also operates through its hospitality interests, including the Millennium & Copthorne hotel brand.