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

City Developments Ltd. (OTCMKTS:CDEVY) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,696 shares, an increase of 56.5% from the January 29th total of 1,084 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 15,531 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 15,531 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Dbs Bank upgraded City Developments to a “moderate buy” rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, City Developments has a consensus rating of “Buy”.

City Developments Stock Up 5.2%

OTCMKTS:CDEVY opened at $7.68 on Monday. City Developments has a fifty-two week low of $3.24 and a fifty-two week high of $8.20. The company has a 50 day moving average price of $7.10 and a 200 day moving average price of $6.03.

About City Developments

City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.

The company’s core activities include property development, investment and management.