Short Interest in Melco International Development Ltd. (OTCMKTS:MDEVF) Grows By 135.1%

Key Points

• Short interest in Melco International (OTCMKTS:MDEVF) surged 135.1% in March to 614,260 shares from 261,260 on March 15, producing a reported short-interest ratio of 1,559.0 days based on a 394-share average daily volume, while filings also show 0.0% of shares sold short.
• The stock opened at $0.50 with a 50-day SMA of $0.54, a 200-day SMA of $0.59, and a one-year trading range of $0.40 to $0.83.
• Melco International is a Hong Kong–based investment holding company with diversified interests in property, hospitality, gaming and entertainment, and holds a controlling stake in Melco Resorts & Entertainment, focusing on integrated resort development and operations in Asia.

Melco International Development Ltd. (OTCMKTS:MDEVF - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 614,260 shares, a growth of 135.1% from the March 15th total of 261,260 shares. Based on an average daily volume of 394 shares, the short-interest ratio is currently 1,559.0 days. Currently, 0.0% of the company's shares are sold short.

Melco International Development Price Performance

OTCMKTS MDEVF opened at $0.50 on Friday. The business has a 50 day simple moving average of $0.54 and a 200 day simple moving average of $0.59. Melco International Development has a one year low of $0.40 and a one year 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.

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