Mirvac Group (OTCMKTS:MRVGF) Sees Significant Decrease in Short Interest

Mirvac Group (OTCMKTS:MRVGF) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 3,574,100 shares, a drop of 35.6% from the February 28th total of 5,546,200 shares. Based on an average trading volume of 20,000 shares, the days-to-cover ratio is presently 178.7 days.

Mirvac Group Price Performance

MRVGF remained flat at $0.99 on Monday. The stock has a 50 day moving average price of $1.26 and a 200 day moving average price of $1.36. Mirvac Group has a fifty-two week low of $0.99 and a fifty-two week high of $1.57.

About Mirvac Group

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.