Short Interest in Melcor Developments Ltd. (OTCMKTS:MODVF) Declines By 99.7%

Melcor Developments Ltd. (OTCMKTS:MODVF) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 2 shares, a decline of 99.7% from the January 29th total of 627 shares. Based on an average daily volume of 793 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 793 shares, the short-interest ratio is presently 0.0 days.

Melcor Developments Price Performance

Shares of OTCMKTS MODVF opened at $12.55 on Friday. The stock’s 50-day moving average is $11.60 and its 200 day moving average is $11.03. Melcor Developments has a 1-year low of $8.17 and a 1-year high of $12.64.

Melcor Developments Company Profile

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.