New World Development Co. (OTCMKTS:NDVLY – Get Free Report) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 299 shares, a growth of 187.5% from the May 31st total of 104 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 3,404 shares, the short-interest ratio is currently 0.1 days.
New World Development Price Performance
Shares of NDVLY stock traded down $0.05 during mid-day trading on Friday, hitting $0.38. 3,094 shares of the company’s stock were exchanged, compared to its average volume of 2,131. New World Development has a fifty-two week low of $0.32 and a fifty-two week high of $0.80. The stock has a 50-day simple moving average of $0.48 and a two-hundred day simple moving average of $0.51.
About New World Development
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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