Megaworld Co. (OTCMKTS:MGAWY) Sees Significant Growth in Short Interest

Megaworld Co. (OTCMKTS:MGAWY) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 524 shares. Based on an average daily trading volume, of 80 shares, the days-to-cover ratio is currently 6.5 days.

Megaworld Trading Up 0.4%

Shares of OTCMKTS:MGAWY traded up $0.03 during trading on Tuesday, reaching $6.76. The company had a trading volume of 101 shares, compared to its average volume of 1,094. The firm’s fifty day moving average is $7.01 and its 200 day moving average is $6.84. Megaworld has a twelve month low of $6.16 and a twelve month high of $7.93.

Megaworld Company Profile

Megaworld Corporation is a Philippine real estate development company established in 1989 by Andrew L. Tan. The company develops large-scale, mixed-use communities that combine residential, office, retail, hospitality and leisure components. Its projects are designed as integrated townships with supporting infrastructure and amenities.

The company’s activities include the development and sale of condominium units, subdivision lots and houses, as well as the leasing of office and commercial space.