City Developments Ltd. (OTCMKTS:CDEVY) Stock Short Interest Declines 99.5%

City Developments Ltd. (OTCMKTS:CDEVY) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 1 shares, a decrease of 99.5% from the August 31st total of 188 shares. Based on an average daily volume of 1,089 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

City Developments Stock Up 7.1%

Shares of OTCMKTS CDEVY traded up $0.42 during mid-day trading on Thursday, hitting $6.37. 1,604 shares of the stock traded hands, compared to its average volume of 6,895. The stock has a fifty day moving average price of $6.16 and a 200-day moving average price of $6.34. City Developments has a 52 week low of $4.96 and a 52 week high of $8.20. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.00.

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 research note on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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.