Short Interest in New World Development Company Limited (OTCMKTS:NDVLY) Drops By 93.3%

New World Development Company Limited (OTCMKTS:NDVLY - Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 100 shares, a decrease of 93.3% from the April 30th total of 1,500 shares. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

New World Development Price Performance

Shares of New World Development stock traded up $0.02 during trading on Friday, hitting $0.33. 4,845 shares of the stock traded hands, compared to its average volume of 8,763. The firm's fifty day moving average is $0.31 and its 200-day moving average is $0.34. New World Development has a 52 week low of $0.21 and a 52 week high of $0.69.

New World Development Company Profile

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.