New World Development Company Limited (OTCMKTS:NDVLY) Short Interest Up 73.5% in February

New World Development Company Limited (OTCMKTS:NDVLY) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 128,900 shares, an increase of 73.5% from the January 31st total of 74,300 shares. Based on an average daily volume of 19,300 shares, the short-interest ratio is presently 6.7 days.

New World Development Stock Down 2.8 %

Shares of NDVLY stock traded down $0.01 during trading on Tuesday, reaching $0.35. The company had a trading volume of 2,142 shares, compared to its average volume of 7,266. The firm’s 50 day simple moving average is $0.33 and its two-hundred day simple moving average is $0.43. New World Development has a one year low of $0.22 and a one year high of $0.69.

New World Development Company Profile

New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as whole life, term, dread disease, medical, disability, and accident insurance products.