Melcor Developments Ltd. (OTCMKTS:MODVF – Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 2,847 shares, a decline of 36.0% from the September 15th total of 4,446 shares. Based on an average daily volume of 2,309 shares, the days-to-cover ratio is currently 1.2 days.
Melcor Developments Price Performance
Shares of MODVF opened at $13.04 on Friday. Melcor Developments has a 1 year low of $10.15 and a 1 year high of $14.04. The stock has a 50 day simple moving average of $13.31 and a 200-day simple moving average of $13.27.
About Melcor Developments
Melcor Developments Ltd. is an Edmonton, Alberta-based real estate development and asset management company with a history dating to 1923. The company develops, owns and manages a diversified portfolio of commercial and residential real estate, with activities focused primarily on Western Canada and selected markets in the United States.
Its business includes the development of commercial properties such as office, retail and industrial projects, as well as residential communities and land.
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