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

Melco International Development Ltd. (OTCMKTS:MDEVF) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 103,260 shares, a growth of 39,615.4% from the February 12th total of 260 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,111 shares, the days-to-cover ratio is currently 48.9 days. Based on an average daily volume of 2,111 shares, the days-to-cover ratio is currently 48.9 days. Approximately 0.0% of the shares of the company are sold short.

Melco International Development Stock Performance

Shares of MDEVF stock remained flat at $0.54 during midday trading on Tuesday. Melco International Development has a 12-month low of $0.40 and a 12-month high of $0.83. The firm has a 50 day moving average of $0.55 and a 200 day moving average of $0.61. The company has a debt-to-equity ratio of 6.50, a quick ratio of 0.57 and a current ratio of 0.58.

Melco International Development Company Profile

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.