Melco International Development Ltd. (OTCMKTS:MDEVF) Sees Large Increase in Short Interest

Melco International Development Ltd. (OTCMKTS:MDEVF) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 8,260 shares, a growth of 3,076.9% from the January 15th total of 260 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 190 shares, the short-interest ratio is presently 43.5 days. Based on an average daily volume of 190 shares, the short-interest ratio is presently 43.5 days. Approximately 0.0% of the shares of the stock are sold short.

Melco International Development Stock Performance

Shares of MDEVF remained flat at $0.57 during midday trading on Tuesday. The company has a debt-to-equity ratio of 6.50, a quick ratio of 0.57 and a current ratio of 0.58. The stock has a 50-day moving average of $0.56 and a 200-day moving average of $0.62. Melco International Development has a 1-year low of $0.40 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.