Mirvac Group (OTCMKTS:MRVGF) Sees Significant Increase in Short Interest

Mirvac Group (OTCMKTS:MRVGF) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 4,700,000 shares, an increase of 28.0% from the January 15th total of 3,671,300 shares. Based on an average daily trading volume, of 6,100 shares, the short-interest ratio is currently 770.5 days.

Mirvac Group Price Performance

Shares of MRVGF stock remained flat at $1.23 during trading hours on Friday. The company has a 50-day simple moving average of $1.26 and a two-hundred day simple moving average of $1.32. Mirvac Group has a twelve month low of $1.13 and a twelve month high of $1.62.

About Mirvac Group

Founded in 1972, Mirvac is an Australian Securities Exchange (ASX) top 50 company with an integrated asset creation and curation capability. For more than 50 years, we've dedicated ourselves to creating extraordinary urban places and experiences. We have over $35 billion of assets under management, together with a $12 billion commercial and mixed use development pipeline, and a $17 billion residential development pipeline, enabling us to deliver innovative and high-quality property for our customers, while driving long-term value for our securityholders.