Melcor Developments Ltd. (OTCMKTS:MODVF) Short Interest Up 1,047.6% in January

Melcor Developments Ltd. (OTCMKTS:MODVF) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,687 shares, a growth of 1,047.6% from the December 31st total of 147 shares. Based on an average daily trading volume, of 1,342 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 1,342 shares, the days-to-cover ratio is presently 1.3 days.

Melcor Developments Trading Up 0.0%

Shares of MODVF traded up $0.00 on Wednesday, reaching $11.87. Melcor Developments has a 52-week low of $8.17 and a 52-week high of $11.91. The business’s 50-day moving average price is $11.08 and its 200 day moving average price is $10.77.

Melcor Developments Company Profile

Melcor Developments Ltd (OTCMKTS: MODVF) is a Canadian real estate development and property management company headquartered in Edmonton, Alberta. The firm specializes in master-planned residential and commercial communities, offering land development, construction, leasing and property management services. Its diversified portfolio encompasses single-family lots, multi-family residential projects, shopping centres, industrial parks and office complexes.

Originally founded in 1923 as a contracting business serving western Canada, Melcor transitioned into land development in the mid-20th century and went public on the Toronto Stock Exchange in 1968.