City Developments Ltd. (OTCMKTS:CDEVY) Sees Large Growth in Short Interest

City Developments Ltd. (OTCMKTS:CDEVY) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,084 shares, an increase of 447.5% from the January 15th total of 198 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 36,017 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 36,017 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

City Developments Price Performance

Shares of OTCMKTS:CDEVY opened at $7.71 on Wednesday. The firm has a fifty day moving average of $6.57 and a two-hundred day moving average of $5.77. City Developments has a 12-month low of $3.24 and a 12-month high of $7.87.

Analyst Upgrades and Downgrades

Separately, Dbs Bank raised City Developments to a “moderate buy” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

About City Developments

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.