New World Development Co. (OTCMKTS:NDVLY – Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 104 shares, an increase of 205.9% from the May 14th total of 34 shares. Based on an average trading volume of 3,978 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
New World Development Stock Up 0.1%
Shares of OTCMKTS NDVLY opened at $0.43 on Friday. New World Development has a 1 year low of $0.31 and a 1 year high of $0.80. The stock’s 50-day simple moving average is $0.49 and its 200-day simple moving average is $0.51.
New World Development Company Profile
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.
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