City Developments Ltd. (OTCMKTS:CDEVY) Short Interest Update

City Developments Ltd. (OTCMKTS:CDEVY) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 188 shares, a decrease of 76.3% from the August 15th total of 794 shares. Based on an average trading volume of 1,585 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of City Developments from a “strong sell” rating to a “buy” rating in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, City Developments currently has an average rating of “Buy”.

City Developments Stock Performance

City Developments stock traded up $0.03 on Friday, reaching $6.70. The company’s stock had a trading volume of 176 shares, compared to its average volume of 695. The business’s fifty day moving average price is $6.13 and its 200 day moving average price is $6.43. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.77 and a quick ratio of 0.77. City Developments has a twelve month low of $4.96 and a twelve month high of $8.20.

About City Developments

City Developments Limited (CDL) is a Singapore-based global real estate operating company engaged in property development, investment and management. Its portfolio includes residential developments, commercial offices, retail properties, integrated developments and industrial assets. The company also provides property-related services, including facilities management and asset management.

Founded in 1963, CDL has developed a substantial presence in Singapore and operates internationally through residential, commercial and hospitality businesses.