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

Melcor Developments Ltd. (OTCMKTS:MODVF) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 97 shares, an increase of 4,750.0% from the February 26th total of 2 shares. Based on an average trading volume of 1,127 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 1,127 shares, the days-to-cover ratio is presently 0.1 days.

Melcor Developments Stock Performance

OTCMKTS:MODVF opened at $13.13 on Wednesday. Melcor Developments has a twelve month low of $8.17 and a twelve month high of $13.43. The company has a 50-day moving average of $12.30 and a 200-day moving average of $11.32.

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.