New World Development Co. (OTCMKTS:NDVLY – Get Free Report) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 104 shares, an increase of 205.9% from the May 14th total of 34 shares. Based on an average trading volume of 3,978 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
New World Development Price Performance
New World Development stock opened at $0.46 on Friday. New World Development has a one year low of $0.31 and a one year high of $0.80. The business has a fifty day moving average of $0.49 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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