Melco International Development Ltd. (OTCMKTS:MDEVF) Short Interest Down 100.0% in January

Melco International Development Ltd. (OTCMKTS:MDEVF) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 260 shares, a decline of 100.0% from the December 31st total of 850,260 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,500 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 3,500 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Melco International Development Stock Performance

Shares of OTCMKTS:MDEVF opened at $0.57 on Thursday. The business’s 50 day simple moving average is $0.56 and its 200 day simple moving average is $0.63. Melco International Development has a 1 year low of $0.40 and a 1 year high of $0.83. The company has a debt-to-equity ratio of 6.50, a current ratio of 0.58 and a quick ratio of 0.57.

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.