Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 556,260 shares, a drop of 56.6% from the June 15th total of 1,281,260 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is presently 397.3 days.
Melco International Development Price Performance
Shares of OTCMKTS:MDEVF remained flat at $0.46 during mid-day trading on Wednesday. Melco International Development has a 12-month low of $0.43 and a 12-month high of $0.83. The company’s 50 day moving average is $0.47 and its 200-day moving average is $0.51.
Melco International Development Company Profile
Melco International Development Limited is a Hong Kong–based investment holding company with diversified interests across property development, hospitality, gaming and entertainment sectors in Asia. The company pursues opportunities in integrated resort operations, property investment and development projects, leveraging its background in real estate to support long-term growth.
Through its controlling stake in Melco Resorts & Entertainment, Melco International is involved in the design, development and operation of world-class integrated resorts.
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