City Developments Ltd. (OTCMKTS:CDEVY) Short Interest Down 53.8% in July

City Developments Ltd. (OTCMKTS:CDEVY) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 860 shares, a decrease of 53.8% from the June 30th total of 1,862 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 6,929 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised City Developments from a “strong sell” rating to a “buy” rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, City Developments currently has a consensus rating of “Buy”.

City Developments Price Performance

Shares of City Developments stock opened at $5.76 on Wednesday. The firm’s 50-day moving average is $6.22 and its two-hundred day moving average is $6.68. City Developments has a 1 year low of $4.39 and a 1 year high of $8.20. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.00.

About City Developments

City Developments Limited (OTCMKTS: CDEVY) is a Singapore-based real estate developer founded in 1963. As one of the country’s largest and most established property companies, it operates as part of the Hong Leong Group of Companies. Over the past five decades, City Developments has grown from its local beginnings into an international developer with a diversified portfolio spanning residential, commercial and mixed-use projects.

The company’s core activities include property development, investment and management.