City Developments Limited (OTCMKTS:CDEVY) Sees Significant Decrease in Short Interest

City Developments Limited (OTCMKTS:CDEVY) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 2,500 shares, a decrease of 86.2% from the October 15th total of 18,100 shares. Based on an average trading volume of 22,600 shares, the days-to-cover ratio is currently 0.1 days.

City Developments Stock Down 2.0 %

Shares of CDEVY stock traded down $0.08 during trading on Wednesday, reaching $3.97. The company had a trading volume of 7,278 shares, compared to its average volume of 20,795. The firm’s 50 day simple moving average is $4.08 and its two-hundred day simple moving average is $4.06. City Developments has a one year low of $3.70 and a one year high of $5.06.

City Developments Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 26th were paid a $0.0134 dividend. The ex-dividend date was Monday, August 26th.

About City Developments

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.