Short Interest in New World Development Co. (OTCMKTS:NDVLY) Decreases By 20.6%

New World Development Co. (OTCMKTS:NDVLY) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 33,236 shares, a decline of 20.6% from the February 12th total of 41,877 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 4,851 shares, the days-to-cover ratio is presently 6.9 days. Based on an average trading volume of 4,851 shares, the days-to-cover ratio is presently 6.9 days. Currently, 0.0% of the company’s stock are sold short.

New World Development Trading Down 15.0%

Shares of NDVLY stock opened at $0.51 on Tuesday. The firm has a 50-day moving average of $0.58 and a 200-day moving average of $0.49. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 0.70. New World Development has a one year low of $0.21 and a one year high of $0.80.

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.