New World Development Co. (OTCMKTS:NDVLY) Sees Large Decrease in Short Interest

New World Development Co. (OTCMKTS:NDVLY) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 33,236 shares, a decline of 20.6% from the February 12th total of 41,877 shares. Based on an average trading volume of 4,851 shares, the short-interest ratio is presently 6.9 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 4,851 shares, the short-interest ratio is presently 6.9 days.

New World Development Trading Down 15.0%

Shares of NDVLY stock traded down $0.09 during mid-day trading on Friday, reaching $0.51. The stock had a trading volume of 2,253 shares, compared to its average volume of 2,493. New World Development has a one year low of $0.21 and a one year high of $0.80. The firm’s 50 day simple moving average is $0.58 and its 200 day simple moving average is $0.48. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.89 and a quick ratio of 4.89.

About New World Development

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.