Melco International Development Ltd. (OTCMKTS:MDEVF) Sees Large Decline in Short Interest

Melco International Development Ltd. (OTCMKTS:MDEVF) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 260 shares, a decrease of 96.9% from the January 29th total of 8,260 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days.

Melco International Development Stock Performance

Melco International Development stock remained flat at $0.57 during midday trading on Wednesday. The company has a debt-to-equity ratio of 6.50, a current ratio of 0.58 and a quick ratio of 0.57. The company’s 50 day moving average price is $0.55 and its 200-day moving average price is $0.61. Melco International Development has a 52-week low of $0.40 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.