Melco International Development Ltd. (OTCMKTS:MDEVF) Short Interest Update

Melco International Development Ltd. (OTCMKTS:MDEVF) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,389,260 shares, a growth of 49.0% from the August 31st total of 932,260 shares. Based on an average trading volume of 8,950 shares, the short-interest ratio is currently 155.2 days. Approximately 0.1% of the company’s shares are sold short.

Melco International Development Price Performance

OTCMKTS:MDEVF remained flat at $0.39 on Thursday. The company’s stock had a trading volume of 80 shares, compared to its average volume of 2,200. The business has a fifty day moving average of $0.40 and a two-hundred day moving average of $0.45. Melco International Development has a 12 month low of $0.37 and a 12 month high of $0.83.

Analyst Upgrades and Downgrades

Separately, CICC Research lowered shares of Melco International Development to a “market perform” rating in a research report on Sunday, August 16th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Melco International Development

Melco International Development Limited is a Hong Kong-based investment holding company with core interests in the gaming, hospitality, leisure and entertainment industries. Through its subsidiaries and affiliated businesses, the company develops and operates integrated resorts that combine casino gaming with hotels, dining, retail, convention facilities and entertainment attractions.

Melco International’s principal gaming and resort interests are associated with Melco Resorts & Entertainment Limited, which operates properties in Macau and the Philippines and has developed integrated resort operations in Cyprus.