Melcor Developments Ltd. (OTCMKTS:MODVF – Get Free Report) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 4,271 shares, a decrease of 35.0% from the May 31st total of 6,572 shares. Based on an average daily trading volume, of 554 shares, the short-interest ratio is presently 7.7 days.
Melcor Developments Stock Performance
OTCMKTS:MODVF opened at $12.90 on Thursday. Melcor Developments has a twelve month low of $10.15 and a twelve month high of $14.04. The company has a fifty day moving average of $13.24 and a 200-day moving average of $12.54.
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.
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