Melco International Development Ltd. (OTCMKTS:MDEVF) Short Interest Update

Melco International Development Ltd. (OTCMKTS:MDEVF) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,389,260 shares, an increase of 49.0% from the August 31st total of 932,260 shares. Based on an average daily trading volume, of 8,950 shares, the short-interest ratio is currently 155.2 days. Currently, 0.1% of the shares of the company are sold short.

Melco International Development Price Performance

Shares of Melco International Development stock remained flat at $0.39 during mid-day trading on Thursday. 80 shares of the company’s stock traded hands, compared to its average volume of 2,200. Melco International Development has a one year low of $0.37 and a one year high of $0.83. The stock has a fifty day moving average of $0.40 and a 200-day moving average of $0.45.

Wall Street Analysts Forecast Growth

Separately, CICC Research downgraded shares of Melco International Development to a “market perform” rating in a research report on Sunday, August 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Melco International Development Company Profile

Melco International Development Limited is a Hong Kong-based investment holding company with core interests in the gaming, hospitality, leisure and entertainment industries. Through its subsidiaries and affiliated businesses, the company develops and operates integrated resorts that combine casino gaming with hotels, dining, retail, convention facilities and entertainment attractions.

Melco International’s principal gaming and resort interests are associated with Melco Resorts & Entertainment Limited, which operates properties in Macau and the Philippines and has developed integrated resort operations in Cyprus.