Mirvac Group (OTCMKTS:MRVGF – Get Free Report) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 272,247 shares, a decline of 36.7% from the June 15th total of 430,113 shares. Based on an average daily trading volume, of 1,652 shares, the days-to-cover ratio is presently 164.8 days.
Mirvac Group Price Performance
OTCMKTS:MRVGF remained flat at $1.11 during trading hours on Friday. The company has a 50 day simple moving average of $1.13 and a two-hundred day simple moving average of $1.24. Mirvac Group has a 1-year low of $1.03 and a 1-year high of $1.72.
About Mirvac Group
Mirvac Group (OTCMKTS: MRVGF) is a leading Australian property group engaged in the development, ownership and management of residential, retail, office and industrial assets. The company’s core activities encompass end-to-end property development, property investment and funds management, with a focus on creating long-term value through design excellence and sustainable practices. Mirvac’s vertically integrated business model spans project inception, construction and ongoing asset management.
In its residential division, Mirvac develops a diverse portfolio of apartments, townhouses and master-planned communities, particularly across Australia’s major population centres such as Sydney, Melbourne, Brisbane and Perth.
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