New World Development Company Limited (OTCMKTS:NDVLY) Sees Significant Decrease in Short Interest

New World Development Company Limited (OTCMKTS:NDVLY) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 5,500 shares, a decrease of 43.3% from the November 30th total of 9,700 shares. Based on an average daily trading volume, of 13,700 shares, the days-to-cover ratio is presently 0.4 days.

New World Development Stock Performance

NDVLY stock opened at $0.37 on Friday. New World Development has a 1 year low of $0.34 and a 1 year high of $0.80. The stock’s fifty day moving average price is $0.45 and its 200-day moving average price is $0.48.

About New World Development

New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products.