Melco International Development Limited (OTCMKTS:MDEVF) Sees Significant Decline in Short Interest

Melco International Development Limited (OTCMKTS:MDEVFGet Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 750,300 shares, a drop of 36.5% from the September 30th total of 1,182,300 shares. Based on an average trading volume of 6,900 shares, the days-to-cover ratio is presently 108.7 days.

Melco International Development Stock Performance

OTCMKTS:MDEVF opened at $0.64 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 5.64. Melco International Development has a 52 week low of $0.48 and a 52 week high of $0.86. The firm has a 50-day moving average price of $0.61 and a two-hundred day moving average price of $0.69.

Melco International Development Company Profile

(Get Free Report)

Melco International Development Limited, an investment holding company, engages in the leisure and entertainment business in Macau, the Philippines, Cyprus, and Japan. It operates in two segments: Casino and Hospitality, and Others. The company develops, owns, and operates a network of casino gaming and entertainment casino resorts.

See Also

Receive News & Ratings for Melco International Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melco International Development and related companies with MarketBeat.com's FREE daily email newsletter.