Megaworld Co. (OTCMKTS:MGAWY) Short Interest Down 96.6% in September

Megaworld Co. (OTCMKTS:MGAWY) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 600 shares, a decrease of 96.6% from the September 15th total of 17,400 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is currently 0.8 days.

Megaworld Trading Down 6.2%

OTCMKTS:MGAWY opened at $6.75 on Friday. The company’s 50 day moving average price is $7.21 and its 200-day moving average price is $6.87. Megaworld has a 52 week low of $6.05 and a 52 week high of $8.00.

Megaworld Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, September 23rd. Investors of record on Thursday, August 28th were given a dividend of $0.1812 per share. The ex-dividend date was Wednesday, August 27th. This represents a yield of 250.0%.

About Megaworld

Megaworld Corporation, together with its subsidiaries, engages in the development, sale, and leasing of real estate properties in the Philippines. The company develops mixed-use planned communities or townships, including residential, commercial, leisure, and entertainment components. Its real estate portfolio comprises residential condominium units, subdivision lots and townhouses, and condominium-hotel projects, as well as office projects and retail spaces.