New World Development Co. (OTCMKTS:NDVLY – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 34 shares, a decrease of 87.4% from the August 15th total of 269 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 4,219 shares, the days-to-cover ratio is presently 0.0 days.
New World Development Stock Performance
NDVLY opened at $0.33 on Friday. The company’s 50 day moving average is $0.37 and its 200-day moving average is $0.45. New World Development has a 1-year low of $0.32 and a 1-year 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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