City Developments Limited (OTCMKTS:CDEVY – Get Free Report) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 6,300 shares, a growth of 96.9% from the September 15th total of 3,200 shares. Based on an average trading volume of 16,000 shares, the short-interest ratio is currently 0.4 days.
City Developments Price Performance
Shares of City Developments stock remained flat at $4.15 on Friday. 4,109 shares of the stock were exchanged, compared to its average volume of 10,785. The stock’s fifty day simple moving average is $4.04 and its two-hundred day simple moving average is $4.11. City Developments has a twelve month low of $3.70 and a twelve month high of $5.06.
City Developments Cuts Dividend
The firm also recently declared a dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 26th were issued a $0.0134 dividend. The ex-dividend date was Monday, August 26th.
City Developments Company Profile
City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.
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