City Developments Ltd. (OTCMKTS:CDEVY) Stock Short Interest Jumps 1,050,400.0%

City Developments Ltd. (OTCMKTS:CDEVY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 10,505 shares, a growth of 1,050,400.0% from the September 15th total of 1 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 5,687 shares, the short-interest ratio is currently 1.8 days.

City Developments Stock Performance

OTCMKTS CDEVY traded up $0.34 on Friday, hitting $5.90. The stock had a trading volume of 1,491 shares, compared to its average volume of 6,816. The firm has a 50-day moving average of $6.14 and a 200-day moving average of $6.26. City Developments has a 52-week low of $5.04 and a 52-week high of $8.20.

City Developments Company Profile

City Developments Limited (OTCMKTS:CDEVY), commonly known as CDL, is a Singapore-based real estate operating company engaged in property development, investment and management. Its portfolio includes residential projects, office buildings, retail properties and integrated developments, with activities spanning the acquisition, development and management of real estate assets.

Founded in 1963, CDL has developed projects in Singapore and maintains an international presence through operations and investments in markets including the United Kingdom, Australia, Japan and other parts of Asia and Europe.