Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 556,260 shares, a decline of 56.6% from the June 15th total of 1,281,260 shares. Based on an average daily trading volume, of 1,400 shares, the short-interest ratio is presently 397.3 days. Currently, 0.0% of the shares of the company are sold short.
Melco International Development Price Performance
Shares of MDEVF remained flat at $0.46 during trading hours on Tuesday. The company has a 50-day moving average price of $0.47 and a 200 day moving average price of $0.51. Melco International Development has a 1-year low of $0.43 and a 1-year high of $0.83.
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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