New World Development Company Limited (OTCMKTS:NDVLY) Short Interest Up 34.5% in February

New World Development Company Limited (OTCMKTS:NDVLYGet Free Report) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 7,400 shares, a growth of 34.5% from the January 31st total of 5,500 shares. Based on an average daily trading volume, of 10,600 shares, the days-to-cover ratio is currently 0.7 days.

New World Development Price Performance

NDVLY traded down $0.05 on Monday, hitting $0.61. 11,930 shares of the company were exchanged, compared to its average volume of 7,295. New World Development has a twelve month low of $0.56 and a twelve month high of $1.43. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $0.68 and a two-hundred day moving average price of $0.84.

About New World Development

(Get Free Report)

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.

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