New World Development Co. (OTCMKTS:NDVLY – Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 34 shares, a decline of 87.4% from the August 15th total of 269 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 4,219 shares, the short-interest ratio is presently 0.0 days.
New World Development Price Performance
OTCMKTS:NDVLY remained flat at $0.37 during trading hours on Friday. The company’s stock had a trading volume of 500 shares, compared to its average volume of 1,356. The company’s fifty day simple moving average is $0.37 and its 200 day simple moving average is $0.45. New World Development has a 52-week low of $0.32 and a 52-week high of $0.80.
New World Development Company Profile
New World Development Company Limited is a Hong Kong–based conglomerate founded in 1970 by Dr. Cheng Yu-Tung. The company’s core business lies in property development and investment, encompassing residential, commercial and retail projects. Through its flagship developments and joint ventures, New World Development has established a reputation for large-scale mixed-use complexes, premium office towers and luxury residential communities in Greater China and beyond.
Beyond property, New World Development has diversified into infrastructure and services via its listed subsidiary, NWS Holdings.
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