New World Development Company Limited (OTCMKTS:NDVLY) Short Interest Down 17.9% in May

New World Development Company Limited (OTCMKTS:NDVLYGet Free Report) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 3,200 shares, a decrease of 17.9% from the May 15th total of 3,900 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is currently 0.6 days.

New World Development Stock Performance

Shares of NDVLY stock traded down $0.03 during trading hours on Friday, reaching $0.48. The company had a trading volume of 15,424 shares, compared to its average volume of 2,123. The company has a 50 day moving average of $0.54 and a 200 day moving average of $0.62. New World Development has a 1-year low of $0.45 and a 1-year high of $1.29.

New World Development Company Profile

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New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products.

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