City Developments Limited (OTCMKTS:CDEVY) Short Interest Down 73.2% in August

City Developments Limited (OTCMKTS:CDEVY) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 3,000 shares, a drop of 73.2% from the July 31st total of 11,200 shares. Based on an average daily volume of 219,400 shares, the short-interest ratio is presently 0.0 days.

City Developments Price Performance

OTCMKTS:CDEVY opened at $3.97 on Wednesday. The stock has a 50 day simple moving average of $3.90 and a 200 day simple moving average of $4.16. City Developments has a 1-year low of $3.70 and a 1-year high of $5.17.

City Developments Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 13th. Stockholders of record on Monday, August 26th will be given a $0.0134 dividend. The ex-dividend date of this dividend is Monday, August 26th.

City Developments Company Profile

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.