City Developments Limited (OTCMKTS:CDEVY – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 200 shares, a decrease of 91.7% from the May 31st total of 2,400 shares. Based on an average daily volume of 12,500 shares, the short-interest ratio is currently 0.0 days.
City Developments Trading Down 3.5 %
City Developments stock opened at $3.75 on Friday. The firm has a 50-day moving average of $4.21 and a 200-day moving average of $4.41. City Developments has a 1-year low of $3.70 and a 1-year high of $5.67.
City Developments Increases Dividend
The company also recently announced a dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 6th were issued a dividend of $0.0523 per share. This is a positive change from City Developments’s previous dividend of $0.03. The ex-dividend date was Friday, May 3rd.
About City Developments
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.
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