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

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

Melco International Development Price Performance

Shares of OTCMKTS:MDEVF remained flat at $0.50 during midday trading on Wednesday. The stock had a trading volume of 1,361 shares, compared to its average volume of 593. The stock has a fifty day moving average of $0.55 and a 200 day moving average of $0.60. Melco International Development has a 12 month low of $0.40 and a 12 month 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.

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.