Melcor Developments Ltd. (OTCMKTS:MODVF) Short Interest Update

Melcor Developments Ltd. (OTCMKTS:MODVF) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 700 shares, a growth of 600.0% from the June 30th total of 100 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is currently 0.7 days.

Melcor Developments Stock Performance

Shares of OTCMKTS:MODVF opened at $10.36 on Thursday. Melcor Developments has a 52-week low of $8.17 and a 52-week high of $10.71. The stock’s fifty day simple moving average is $10.21 and its 200-day simple moving average is $9.22.

About Melcor Developments

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.