Melco International Development Limited (OTCMKTS:MDEVF - Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 750,300 shares, a drop of 36.5% from the September 30th total of 1,182,300 shares. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is currently 108.7 days.
Melco International Development Stock Up 5.9 %
Shares of Melco International Development stock traded up $0.04 on Friday, hitting $0.64. The stock had a trading volume of 2,500 shares, compared to its average volume of 4,773. The stock has a 50 day moving average of $0.61 and a 200 day moving average of $0.69. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.67 and a current ratio of 0.69. Melco International Development has a twelve month low of $0.48 and a twelve month high of $0.86.
Melco International Development Company Profile
(
Get Free Report)
Melco International Development Limited, an investment holding company, engages in the leisure and entertainment business in Macau, the Philippines, Cyprus, and Japan. It operates in two segments: Casino and Hospitality, and Others. The company develops, owns, and operates a network of casino gaming and entertainment casino resorts.
Read More
Before you consider Melco International Development, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Melco International Development wasn't on the list.
While Melco International Development currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
