City Developments Ltd. (OTCMKTS:CDEVY) Short Interest Update

City Developments Ltd. (OTCMKTS:CDEVY) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 616 shares, a decline of 63.7% from the February 12th total of 1,696 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 76,586 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 76,586 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Dbs Bank raised shares of City Developments to a “moderate buy” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, According to MarketBeat, City Developments presently has a consensus rating of “Buy”.

City Developments Price Performance

Shares of OTCMKTS CDEVY opened at $7.08 on Thursday. The business’s 50 day moving average is $7.26 and its two-hundred day moving average is $6.13. City Developments has a 52-week low of $3.24 and a 52-week high of $8.20.

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.