New World Development Co. (OTCMKTS:NDVLY – Get Free Report) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 299 shares, a growth of 187.5% from the May 31st total of 104 shares. Based on an average daily trading volume, of 3,404 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
New World Development Stock Performance
OTCMKTS:NDVLY remained flat at $0.38 during trading hours on Tuesday. The company had a trading volume of 56 shares, compared to its average volume of 2,194. New World Development has a 12 month low of $0.32 and a 12 month high of $0.80. The company has a 50 day moving average of $0.48 and a two-hundred day moving average of $0.51.
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.
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