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

Mirvac Group (OTCMKTS:MRVGF) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 4,700,000 shares, an increase of 28.0% from the January 15th total of 3,671,300 shares. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is presently 770.5 days.

Mirvac Group Price Performance

OTCMKTS:MRVGF remained flat at $1.23 during mid-day trading on Friday. Mirvac Group has a 1 year low of $1.13 and a 1 year high of $1.62. The firm has a 50 day moving average of $1.26 and a two-hundred day moving average of $1.32.

About Mirvac Group

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.