Melco International Development Ltd. (OTCMKTS:MDEVF) Short Interest Up 153.0% in March

Melco International Development Ltd. (OTCMKTS:MDEVF) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 261,260 shares, a growth of 153.0% from the February 26th total of 103,260 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Approximately 0.0% of the company’s stock are short sold.

Melco International Development Stock Performance

Shares of OTCMKTS:MDEVF remained flat at $0.50 during midday trading on Wednesday. 1,361 shares of the stock traded hands, compared to its average volume of 593. Melco International Development has a one year low of $0.40 and a one year high of $0.83. The company has a debt-to-equity ratio of 6.50, a current ratio of 0.58 and a quick ratio of 0.57. The business’s 50 day moving average price is $0.55 and its 200 day moving average price is $0.60.

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.