New World Development Company Limited Experiences Significant Reduction in Short Interest

New World Development Company Limited (OTCMKTS:NDVLY) experienced a noteworthy decrease in short interest during March. As of March 15th, the total short interest was recorded at 28,600 shares, marking a substantial 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, no shares, or 0.0%, of the company's stock are short sold.

New World Development Stock Movement

During midday trading on Wednesday, shares of New World Development fell by $0.05, reaching a price of $0.31. A total of 4,756 shares changed hands, which is lower than its average trading volume of 10,236. The company’s 50-day moving average price is currently $0.33, while the 200-day moving average price stands at $0.41. Over the past year, New World Development has fluctuated between a low of $0.22 and a high of $0.69.

Overview of New World Development Company

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

Additional Insights

• Here are five stocks we believe are more promising than New World Development.
• Insights into investing in automotive stocks.
• Energy Transfer: A blend of dividends and diversification.
• Using MarketBeat to analyze stock splits.
• Is Qualcomm stock poised for a breakout?
• Understanding Treasury Bonds.
• Considering if Alphabet is worth investing in after its recent corrections?

This article is generated using advanced technology for accurate and prompt reporting. All content has been reviewed for quality assurance. Any queries or feedback can be sent to [email protected].

Considering an Investment in New World Development?

Before making an investment decision regarding New World Development, it's important to consider the latest market analysis.

Market analysts continuously evaluate stocks and their potential. According to their recommendations, there are currently five stocks that leading analysts suggest may be stronger investment options over New World Development at this time.

Explore the top five recommended stocks now.

New, World, Development