Short Interest in Melcor Developments Ltd. (OTCMKTS:MODVF) Declines By 50.0%

Melcor Developments Ltd. (OTCMKTS:MODVF) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 100 shares, a decrease of 50.0% from the January 31st total of 200 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 1.0 days.

Melcor Developments Stock Performance

MODVF stock remained flat at $8.99 during trading on Friday. The stock’s fifty day moving average price is $8.82 and its two-hundred day moving average price is $9.16. Melcor Developments has a fifty-two week low of $8.27 and a fifty-two week high of $9.81.

Melcor Developments Company Profile

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.