City Developments Ltd. (OTCMKTS:CDEVY) Sees Large Drop in Short Interest

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 198 shares, a decline of 97.3% from the December 31st total of 7,459 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 24,649 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 24,649 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.Get City Developments alerts:City Developments Trading Up 3.0%Shares of CDEVY stock traded up $0.22 on Tuesday, hitting $7.50. The company's stock had a trading volume of 359 shares, compared to its average volume of 14,721. City Developments has a fifty-two week low of $3.24 and a fifty-two week high of $7.50. The stock's 50 day moving average is $6.19 and its 200-day moving average is $5.57. Wall Street Analyst Weigh InSeparately, Dbs Bank upgraded shares of City Developments to a "moderate buy" rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".Check Out Our Latest Report on CDEVYCity Developments Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than City DevelopmentsHow a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyNEW LAW: Congress Approves Setup For Digital Dollar?“Fed Proof” Your Bank Account with THESE 4 Simple StepsA U.S. “birthright” claim worth trillions - activated quietlyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in City Developments Right Now?Before you consider City Developments, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and City Developments wasn't on the list.While City Developments currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here