Short Interest in Melcor Developments Ltd. (OTCMKTS:MODVF) Declines By 50.0%

Melcor Developments Ltd. (OTCMKTS:MODVF) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 100 shares, a drop of 50.0% from the January 31st total of 200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 1.0 days.

Melcor Developments Stock Performance

OTCMKTS:MODVF remained flat at $8.99 during midday trading on Monday. The stock has a 50 day moving average of $8.82 and a 200-day moving average of $9.16. Melcor Developments has a 12 month low of $8.27 and a 12 month high of $9.81.

About Melcor Developments

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