Short Interest in City Developments Ltd. (OTCMKTS:CDEVY) Decreases By 81.3%

Key Points

• Short interest in City Developments Ltd. decreased by 81.3% in August, dropping from 3,200 shares to 600 shares, indicating reduced bearish sentiment.
• The company's stock recently traded up 2.5% to $5.16, with a 52-week trading range of $3.24 to $5.84.
• City Developments has announced a dividend of $0.0188 per share, representing a yield of 35.0%, to be paid on September 15th.

City Developments Ltd. (OTCMKTS:CDEVY - ) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 600 shares, a decrease of 81.3% from the August 15th total of 3,200 shares. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company's stock are short sold. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is presently 0.2 days.

City Developments Trading Up 2.5%

OTCMKTS:CDEVY traded up $0.13 on Thursday, reaching $5.16. 828 shares of the company's stock were exchanged, compared to its average volume of 9,817. City Developments has a 52 week low of $3.24 and a 52 week high of $5.84. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a fifty day simple moving average of $4.86 and a 200-day simple moving average of $4.17.

City Developments Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, August 26th will be issued a $0.0188 dividend. The ex-dividend date is Monday, August 25th. This represents a yield of 35.0%.

About City Developments

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.

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