Mirvac Group (OTCMKTS:MRVGF) Sees Large Drop in Short Interest

Mirvac Group (OTCMKTS:MRVGF) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 3,574,100 shares, a decline of 35.6% from the February 28th total of 5,546,200 shares. Based on an average daily volume of 20,000 shares, the short-interest ratio is currently 178.7 days.

Mirvac Group Price Performance

OTCMKTS MRVGF remained flat at $0.99 on Friday. The firm’s fifty day moving average is $1.26 and its two-hundred day moving average is $1.35. Mirvac Group has a twelve month low of $0.99 and a twelve month high of $1.57.

Mirvac Group Company Profile

Founded in 1972, Mirvac is an Australian Securities Exchange (ASX) top 50 company with an integrated asset creation and curation capability. For more than 50 years, we've dedicated ourselves to creating extraordinary urban places and experiences. We have over $35 billion of assets under management, together with a $12 billion commercial and mixed use development pipeline, and a $17 billion residential development pipeline, enabling us to deliver innovative and high-quality property for our customers, while driving long-term value for our securityholders.