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

Melco International Development Limited (OTCMKTS:MDEVF - Get Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 776,300 shares, an increase of 102.3% from the May 15th total of 383,800 shares. Currently, 0.1% of the company's stock are short sold. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Melco International Development Stock Performance

OTCMKTS MDEVF remained flat at $0.55 during trading hours on Tuesday. Melco International Development has a 52-week low of $0.40 and a 52-week high of $0.86. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 5.64. The business has a 50 day moving average of $0.52 and a two-hundred day moving average of $0.55.

Melco International Development Company Profile

Melco International Development Limited, an investment holding company, engages in the leisure and entertainment business in Macau, the Philippines, Cyprus, and Japan. It operates in two segments: Casino and Hospitality, and Others. The company develops, owns, and operates a network of casino gaming and entertainment casino resorts.