New World Development Co. (OTCMKTS:NDVLY – Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 34 shares, a decrease of 99.9% from the April 30th total of 27,016 shares. Based on an average daily volume of 20,977 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
New World Development Price Performance
Shares of OTCMKTS NDVLY traded down $0.02 during trading on Wednesday, hitting $0.47. 1,211 shares of the company traded hands, compared to its average volume of 6,541. The business’s fifty day moving average is $0.51 and its 200 day moving average is $0.50. New World Development has a fifty-two week low of $0.30 and a fifty-two week high of $0.80.
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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