Short Interest in City Developments Ltd. (OTCMKTS:CDEVY) Decreases By 35.8%

City Developments Ltd. (OTCMKTS:CDEVY) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 3,839 shares, a decrease of 35.8% from the March 31st total of 5,979 shares. Based on an average daily trading volume, of 5,104 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the shares of the stock are short sold.

City Developments Stock Down 3.1%

CDEVY stock opened at $6.35 on Wednesday. The firm has a 50 day moving average of $6.85 and a 200-day moving average of $6.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.77 and a current ratio of 0.77. City Developments has a 12 month low of $3.38 and a 12 month high of $8.20.

City Developments Company Profile

City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.

The company’s core activities include property development, investment and management.