Melcor Developments Ltd. (OTCMKTS:MODVF) Short Interest Update

Melcor Developments Ltd. (OTCMKTS:MODVF) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 1,687 shares, a growth of 1,047.6% from the December 31st total of 147 shares. Based on an average daily volume of 1,342 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 1,342 shares, the short-interest ratio is currently 1.3 days.

Melcor Developments Price Performance

Shares of OTCMKTS:MODVF opened at $12.01 on Thursday. The firm has a fifty day moving average of $11.11 and a two-hundred day moving average of $10.78. Melcor Developments has a 12-month low of $8.17 and a 12-month high of $12.01.

Melcor Developments Company Profile

Melcor Developments Ltd (OTCMKTS: MODVF) is a Canadian real estate development and property management company headquartered in Edmonton, Alberta. The firm specializes in master-planned residential and commercial communities, offering land development, construction, leasing and property management services. Its diversified portfolio encompasses single-family lots, multi-family residential projects, shopping centres, industrial parks and office complexes.

Originally founded in 1923 as a contracting business serving western Canada, Melcor transitioned into land development in the mid-20th century and went public on the Toronto Stock Exchange in 1968.