Short Interest in New World Development Company Limited Drops Significantly in March

New World Development Company Limited (OTCMKTS:NDVLY - Get Free Report) experienced a significant decrease in short interest throughout March. As reported on March 15th, the total short interest fell to 28,600 shares, marking a dramatic decline of 78.8% from the 134,900 shares reported on February 28th. With an average daily trading volume of 32,900 shares, the current short-interest ratio stands at 0.9 days. At this time, only 0.0% of the company’s shares are short sold.

Current Stock Performance

During midday trading on Wednesday, shares of New World Development saw a decrease of $0.05, bringing the stock price down to $0.31. In that timeframe, 4,756 shares changed hands, which is lower than the average trading volume of 10,236 shares. The company’s fifty-day moving average price sits at $0.33, while the 200-day moving average price is $0.41. Over the past year, New World Development has recorded a low of $0.22 and a high of $0.69.

About New World Development Company Limited

New World Development Company Limited is an investment holding entity that is primarily engaged in property development and investment within Hong Kong and Mainland China. Its property portfolio includes a diverse range of assets, such as residential, retail, office, and industrial properties. In addition, the company provides commercial aircraft leasing services, operates expressways, and constructs both residential and commercial projects. They also offer various insurance products, including whole life, term, dread disease, medical, disability, and accident insurance.

Investing Insights

Before considering an investment in New World Development, potential investors may want to gather more information. Market analysts often highlight top-rated stocks that have the potential for growth. Currently, New World Development maintains a Hold rating among analysts; however, there are other stocks recommended as better investment options.

To explore further insights and investment opportunities, seeking advice from reputable financial resources can be beneficial.

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