Melco International Development Ltd. (OTCMKTS:MDEVF) Sees Large Decrease in Short Interest

Melco International Development Ltd. (OTCMKTS:MDEVF) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 260 shares, a drop of 100.0% from the December 31st total of 850,260 shares. Based on an average daily trading volume, of 3,500 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,500 shares, the short-interest ratio is currently 0.1 days.

Melco International Development Stock Performance

MDEVF stock traded up $0.00 during trading on Wednesday, hitting $0.52. The business’s fifty day moving average price is $0.56 and its 200-day moving average price is $0.63. Melco International Development has a one year low of $0.40 and a one year high of $0.83. The company has a debt-to-equity ratio of 6.50, a current ratio of 0.58 and a quick ratio of 0.57.

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.