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
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