Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 556,260 shares, a decrease of 56.6% from the June 15th total of 1,281,260 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 397.3 days. Approximately 0.0% of the shares of the company are short sold.
Melco International Development Stock Performance
Shares of MDEVF remained flat at $0.46 during mid-day trading on Thursday. The company has a 50-day moving average of $0.47 and a two-hundred day moving average of $0.51. Melco International Development has a 52 week low of $0.43 and a 52 week high of $0.83.
About Melco International Development
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.
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