Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 556,260 shares, a decline of 56.6% from the June 15th total of 1,281,260 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 397.3 days.
Melco International Development Price Performance
MDEVF remained flat at $0.46 during trading on Tuesday. The company’s fifty day moving average price is $0.47 and its 200-day moving average price is $0.51. Melco International Development has a 1-year low of $0.43 and a 1-year high of $0.83.
About Melco International Development
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.
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