New World Development Co. (OTCMKTS:NDVLY – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 34 shares, a decline of 87.4% from the August 15th total of 269 shares. Based on an average trading volume of 4,219 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
New World Development Stock Performance
Shares of New World Development stock traded down $0.04 during midday trading on Friday, hitting $0.33. The company had a trading volume of 927 shares, compared to its average volume of 1,371. The company has a fifty day simple moving average of $0.37 and a 200 day simple moving average of $0.45. New World Development has a 12-month low of $0.32 and a 12-month 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.
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