City Developments Limited (OTCMKTS:CDEVY - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 3,800 shares, an increase of 280.0% from the April 30th total of 1,000 shares. Based on an average trading volume of 6,700 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company's shares are sold short.
City Developments Price Performance
City Developments stock traded up $0.11 during trading hours on Monday, reaching $3.85. The company had a trading volume of 96,155 shares, compared to its average volume of 8,643. The company has a 50-day moving average price of $3.70 and a 200 day moving average price of $3.76. City Developments has a 12-month low of $3.24 and a 12-month high of $4.54.
City Developments Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 6th were given a dividend of $0.0477 per share. This represents a yield of 1.25%. The ex-dividend date was Monday, May 5th. This is an increase from City Developments's previous dividend of $0.01.
City Developments Company Profile
(
Get Free Report)
City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.
Further Reading
Before you consider City Developments, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and City Developments wasn't on the list.
While City Developments currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
