New World Development Company Limited (OTCMKTS:NDVLY) Reports Significant Decrease in Short Interest for March

New World Development Company Limited (OTCMKTS:NDVLY - Get Free Report) experienced a substantial reduction in short interest during the month of March. As of March 15th, the total short interest amounted to 28,600 shares, marking a significant drop of 78.8% compared to the total of 134,900 shares recorded on February 28th. Given the average daily trading volume of 32,900 shares, the current short-interest ratio stands at approximately 0.9 days. At present, only 0.0% of the company's shares are sold short.

New World Development Stock Performance

On Wednesday, New World Development's stock saw a decline of 14.4%, trading down by $0.05 to reach a price of $0.31. During midday trading, 4,756 shares exchanged hands, which is lower than the average volume of 10,236 shares. The stock's fifty-day moving average is currently $0.33, while the 200-day moving average is at $0.41. Over the past twelve months, New World Development has recorded a low of $0.22 and a high of $0.69.

About New World Development

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New World Development Company Limited is primarily engaged in property development and investment activities in Hong Kong and Mainland China. The company's property portfolio features a variety of assets, including residential, retail, office, and industrial properties. Additionally, the company provides commercial aircraft leasing services, operates expressways, and is involved in the construction of both residential and commercial projects. New World Development also offers a range of insurance products, including whole life, term, dread disease, medical, disability, and accident insurance.

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Considerations for Investing

Before making any investment decisions regarding New World Development, it is advisable to stay informed. Analysts on Wall Street regularly evaluate and recommend stocks to their clients; however, New World Development is currently rated as a Hold. It's worth noting that analysts have identified several other stocks as potentially better investment opportunities.

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