Melcor Developments Ltd. (OTCMKTS:MODVF) Short Interest Up 184.5% in April

Melcor Developments Ltd. (OTCMKTS:MODVF) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 5,397 shares, a growth of 184.5% from the March 31st total of 1,897 shares. Based on an average daily trading volume, of 1,196 shares, the short-interest ratio is presently 4.5 days.

Melcor Developments Price Performance

Shares of MODVF stock opened at $14.04 on Friday. The firm has a 50-day moving average price of $13.00 and a 200 day moving average price of $11.69. Melcor Developments has a twelve month low of $8.44 and a twelve month high of $14.04.

About Melcor Developments

Melcor Developments Ltd (OTCMKTS: MODVF) is a Canadian real estate development and property management company headquartered in Edmonton, Alberta. The firm specializes in master-planned residential and commercial communities, offering land development, construction, leasing and property management services. Its diversified portfolio encompasses single-family lots, multi-family residential projects, shopping centres, industrial parks and office complexes.

Originally founded in 1923 as a contracting business serving western Canada, Melcor transitioned into land development in the mid-20th century and went public on the Toronto Stock Exchange in 1968.