Is MODEC INCORPORATED TOKYO (OTCMKTS:MDIKF)’s Fuel Running Low? Reports Show More Sellers

February 15, 2018 - By Adrian Erickson

The stock of MODEC INCORPORATED TOKYO (OTCMKTS:MDIKF) registered an increase of 18.51% in short interest. MDIKF’s total short interest was 46,100 shares in February as published by FINRA. Its up 18.51% from 38,900 shares, reported previously. With 100 shares average volume, it will take short sellers 461 days to cover their MDIKF’s short positions.

It closed at $23.41 lastly. It is down 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

MODEC, Inc., a general contractor, engages in the engineering, procurement, construction and installation of floating production systems worldwide. The company has market cap of $1.32 billion. The firm offers floating production storage and offloading vessels; floating storage and offloading vessels; tension leg platforms; production semi-submersibles; FLNGs; mobile offshore production units; and other technologies. It currently has negative earnings. It also provides floating production system operation and maintenance services.

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