New World Development Co. (OTCMKTS:NDVLY) Sees Significant Growth in Short Interest

New World Development Co. (OTCMKTS:NDVLY) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 38,923 shares, a growth of 58.0% from the January 15th total of 24,630 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 38,695 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 38,695 shares, the short-interest ratio is presently 1.0 days. Currently, 0.0% of the company’s stock are short sold.

New World Development Stock Performance

Shares of New World Development stock traded down $0.03 on Monday, reaching $0.70. 5,119 shares of the company were exchanged, compared to its average volume of 13,563. The stock’s 50 day moving average price is $0.50 and its 200-day moving average price is $0.46. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.89 and a current ratio of 4.89. New World Development has a 1-year low of $0.21 and a 1-year high of $0.80.

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.