Short Interest in Melco International Development Limited (OTCMKTS:MDEVF) Increases By 116.2%

Melco International Development Limited (OTCMKTS:MDEVF) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 999,300 shares, an increase of 116.2% from the January 31st total of 462,300 shares. Based on an average trading volume of 2,300 shares, the short-interest ratio is currently 434.5 days.

Melco International Development Price Performance

Shares of OTCMKTS MDEVF opened at $0.55 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 5.64. The company has a 50-day moving average of $0.57 and a two-hundred day moving average of $0.60. Melco International Development has a 1-year low of $0.48 and a 1-year high of $0.86.

Melco International Development Company Profile

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.