Melco International Development Ltd. (OTCMKTS:MDEVF) Short Interest Down 38.8% in December

by · The Markets Daily

Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 850,260 shares, a decrease of 38.8% from the December 15th total of 1,388,260 shares. Based on an average daily volume of 9,273 shares, the days-to-cover ratio is currently 91.7 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 9,273 shares, the days-to-cover ratio is currently 91.7 days.

Melco International Development Stock Performance

Shares of MDEVF stock remained flat at $0.52 on Friday. Melco International Development has a twelve month low of $0.40 and a twelve month high of $0.83. The stock has a 50 day simple moving average of $0.57 and a two-hundred day simple moving average of $0.63. The company has a debt-to-equity ratio of 6.50, a quick ratio of 0.57 and a current ratio of 0.58.

About Melco International Development

(Get Free Report)

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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