City Developments Ltd. (OTCMKTS:CDEVY) Shares Shorted: Short Interest Down 76.4% in October

City Developments Ltd. (OTCMKTS:CDEVY) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,475 shares, a decline of 76.4% from the September 30th total of 10,505 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 6,246 shares, the days-to-cover ratio is presently 0.4 days.

City Developments Trading Up 2.1%

OTCMKTS CDEVY opened at $5.71 on Wednesday. The business’s 50-day moving average price is $6.03 and its two-hundred day moving average price is $6.47. City Developments has a 12 month low of $5.15 and a 12 month high of $8.20.

City Developments Company Profile

City Developments Limited (OTCMKTS:CDEVY), commonly known as CDL, is a Singapore-based real estate company engaged in property development, investment, and management. Its portfolio includes residential properties, office buildings, retail spaces, hotels, serviced residences, and mixed-use developments.

Founded in 1963, CDL has developed projects in Singapore and maintains an international presence across markets in Asia, the United Kingdom, Australia, Europe, and the United States. The company serves homebuyers, commercial tenants, institutional investors, and hospitality customers through its property and hotel businesses.

CDL also operates through its hospitality interests, including the Millennium & Copthorne hotel brand.