Mirvac Group (OTCMKTS:MRVGF) Sees Significant Increase in Short Interest

Mirvac Group (OTCMKTS:MRVGF) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 4,700,000 shares, a growth of 28.0% from the January 15th total of 3,671,300 shares. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is currently 770.5 days.

Mirvac Group Stock Performance

Shares of OTCMKTS:MRVGF remained flat at $1.23 during trading hours on Friday. Mirvac Group has a 52 week low of $1.13 and a 52 week high of $1.62. The firm’s fifty day moving average price is $1.26 and its two-hundred day moving average price is $1.32.

About Mirvac Group

Founded in 1972, Mirvac is an Australian Securities Exchange (ASX) top 50 company with an integrated asset creation and curation capability. For more than 50 years, we've dedicated ourselves to creating extraordinary urban places and experiences. We have over $35 billion of assets under management, together with a $12 billion commercial and mixed use development pipeline, and a $17 billion residential development pipeline, enabling us to deliver innovative and high-quality property for our customers, while driving long-term value for our securityholders.