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

Melcor Developments Ltd. (OTCMKTS:MODVFGet Free Report) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 2,000 shares, a growth of 25.0% from the January 31st total of 1,600 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 6.7 days.

Melcor Developments Price Performance

OTCMKTS:MODVF remained flat at $8.55 during mid-day trading on Monday. Melcor Developments has a 12-month low of $8.06 and a 12-month high of $9.05. The stock’s 50 day simple moving average is $8.54 and its 200-day simple moving average is $8.55.

About Melcor Developments

(Get Free Report)

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, REIT, Investment Property, and Recreational Property segments. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.

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