Melco International Development Limited (OTCMKTS:MDEVF) Sees Significant Decrease in Short Interest

Melco International Development Limited (OTCMKTS:MDEVF – Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 392,000 shares, a decrease of 27.1% from the June 15th total of 538,000 shares. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is presently 130.7 days.

Melco International Development Stock Performance

OTCMKTS MDEVF opened at $0.95 on Wednesday. The business’s 50-day moving average price is $0.97 and its 200 day moving average price is $1.15. Melco International Development has a twelve month low of $0.50 and a twelve month high of $1.42.

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Melco International Development Company Profile

(Get Free Report)

Melco International Development Limited, an investment holding company, engages in the leisure and entertainment business in Macau, the Philippines, Cyprus, and Japan. It operates in two segments: Casino and Hospitality, and Others. The company develops, owns, and operates a network of casino gaming and entertainment casino resorts.

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