Melco International Development Ltd. (OTCMKTS:MDEVF) Sees Significant Growth in Short Interest

Key Points

• Short interest surged 265.2% in April to 2,243,260 shares, equal to about 0.1% of shares outstanding; because reported average daily volume was 0, the short‑interest ratio is effectively infinite.
• Shares opened at $0.50 with a 50‑day/200‑day simple moving average of $0.52/$0.57 and a 52‑week range of $0.40–$0.83; Melco is a Hong Kong–based holding company that controls Melco Resorts & Entertainment and operates in property, hospitality, gaming and integrated resorts.

Melco International Development Ltd. (OTCMKTS:MDEVF - Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 2,243,260 shares, an increase of 265.2% from the March 31st total of 614,260 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Melco International Development Price Performance

Shares of OTCMKTS:MDEVF opened at $0.50 on Friday. The firm has a 50 day simple moving average of $0.52 and a 200 day simple moving average of $0.57. Melco International Development has a one year low of $0.40 and a one year high of $0.83.

Melco International Development Company Profile

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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