City Developments Ltd. (OTCMKTS:CDEVY) Sees Large Decline in Short Interest

City Developments Ltd. (OTCMKTS:CDEVY) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 1 shares, a decline of 99.5% from the August 31st total of 188 shares. Based on an average daily volume of 1,089 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

City Developments Trading Up 7.2%

CDEVY traded up $0.46 during midday trading on Friday, reaching $6.83. The company’s stock had a trading volume of 192 shares, compared to its average volume of 6,849. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.77 and a current ratio of 0.77. The company has a fifty day simple moving average of $6.16 and a 200 day simple moving average of $6.34. City Developments has a twelve month low of $4.96 and a twelve month high of $8.20.

About City Developments

City Developments Limited (CDL) is a Singapore-based global real estate operating company engaged in property development, investment and management. Its portfolio includes residential developments, commercial offices, retail properties, integrated developments and industrial assets. The company also provides property-related services, including facilities management and asset management.

Founded in 1963, CDL has developed a substantial presence in Singapore and operates internationally through residential, commercial and hospitality businesses.