Melcor Developments Ltd. (OTCMKTS:MODVF) Short Interest Update

Melcor Developments Ltd. (OTCMKTS:MODVF) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 147 shares, an increase of 359.4% from the December 15th total of 32 shares. Based on an average daily trading volume, of 896 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 896 shares, the short-interest ratio is presently 0.2 days.

Melcor Developments Price Performance

Shares of OTCMKTS MODVF remained flat at $11.09 during mid-day trading on Wednesday. The business has a 50 day simple moving average of $10.86 and a 200-day simple moving average of $10.69. Melcor Developments has a 1-year low of $8.17 and a 1-year high of $11.18.

Melcor Developments Company Profile

Melcor Developments Ltd (OTCMKTS: MODVF) is a Canadian real estate development and property management company headquartered in Edmonton, Alberta. The firm specializes in master-planned residential and commercial communities, offering land development, construction, leasing and property management services. Its diversified portfolio encompasses single-family lots, multi-family residential projects, shopping centres, industrial parks and office complexes.

Originally founded in 1923 as a contracting business serving western Canada, Melcor transitioned into land development in the mid-20th century and went public on the Toronto Stock Exchange in 1968.