Mirvac Group (OTCMKTS:MRVGF) Sees Large Drop in Short Interest

Mirvac Group (OTCMKTS:MRVGF) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 3,574,100 shares, a decrease of 35.6% from the February 28th total of 5,546,200 shares. Based on an average trading volume of 20,000 shares, the short-interest ratio is currently 178.7 days.

Mirvac Group Stock Performance

Shares of MRVGF remained flat at $0.99 during midday trading on Friday. Mirvac Group has a 52-week low of $0.99 and a 52-week high of $1.57. The company’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.35.

Mirvac Group Company Profile

Founded in 1972, Mirvac is an Australian Securities Exchange (ASX) top 50 company with an integrated asset creation and curation capability. For more than 50 years, we've dedicated ourselves to creating extraordinary urban places and experiences. We have over $35 billion of assets under management, together with a $12 billion commercial and mixed use development pipeline, and a $17 billion residential development pipeline, enabling us to deliver innovative and high-quality property for our customers, while driving long-term value for our securityholders.