New World Development Co. (OTCMKTS:NDVLY – Get Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 299 shares, an increase of 187.5% from the May 31st total of 104 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 3,404 shares, the days-to-cover ratio is currently 0.1 days.
New World Development Trading Down 10.7%
Shares of NDVLY stock traded down $0.05 on Friday, reaching $0.38. 3,094 shares of the stock were exchanged, compared to its average volume of 2,131. The firm has a 50 day moving average of $0.48 and a two-hundred day moving average of $0.51. New World Development has a 1-year low of $0.32 and a 1-year high of $0.80.
New World Development Company Profile
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.
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