Short Interest in Melco International Development Ltd. (OTCMKTS:MDEVF) Rises By 3,076.9%

Melco International Development Ltd. (OTCMKTS:MDEVF) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 8,260 shares, a growth of 3,076.9% from the January 15th total of 260 shares. Based on an average trading volume of 190 shares, the days-to-cover ratio is currently 43.5 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 190 shares, the days-to-cover ratio is currently 43.5 days.

Melco International Development Stock Performance

Shares of MDEVF opened at $0.57 on Thursday. The firm has a 50-day moving average price of $0.56 and a 200 day moving average price of $0.62. The company has a debt-to-equity ratio of 6.50, a current ratio of 0.58 and a quick ratio of 0.57. Melco International Development has a 12-month low of $0.40 and a 12-month 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.