City Developments Limited (OTCMKTS:CDEVY) Sees Increase in Short Interest

City Developments Limited (OTCMKTS:CDEVY - Get Free Report) experienced a notable rise in short interest during January. By January 31, the total short interest reached 1,800 shares, marking an increase of 28.6% compared to the 1,400 shares reported on January 15. Given the average trading volume of 14,900 shares, the short-interest ratio currently stands at approximately 0.1 days.

City Developments Stock Performance

On the last trading day, City Developments shares fell by $0.14, bringing the stock price down to $3.60. A total of 5,588 shares changed hands, which is lower than its average volume of 8,201 shares. The stock has registered a one-year low of $3.56 and a one-year high of $4.81. The fifty-day moving average is recorded at $3.77, while the 200-day moving average stands at $3.92.

About City Developments

City Developments Limited (CDL) is a prominent global real estate firm with operations spread across 112 locations in 29 countries and regions. It is listed on the Singapore Exchange and ranks among the largest companies in terms of market capitalization. CDL's portfolio is characterized by stability and diversity, encompassing residential properties, office spaces, hotels, serviced apartments, shopping malls, and integrated developments.

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