Short Interest in Melcor Developments Ltd. (OTCMKTS:MODVF) Declines By 91.7%

Melcor Developments Ltd. (OTCMKTS:MODVF) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 100 shares, a decline of 91.7% from the December 15th total of 1,200 shares. Based on an average trading volume of 200 shares, the short-interest ratio is currently 0.5 days.

Shares of OTCMKTS MODVF traded up $0.19 during midday trading on Wednesday, reaching $7.84. 5,500 shares of the company traded hands, compared to its average volume of 3,600. The stock’s 50-day simple moving average is $6.48 and its 200-day simple moving average is $5.38. Melcor Developments has a 12 month low of $4.15 and a 12 month high of $9.72.

About Melcor Developments

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, Investment Properties, REIT, and Recreational Property segments. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses.

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