MODEC INC TOKYO SHS (OTCMKTS:MDIKF) Could Burn Your Long Portfolio After More Shorts

May 10, 2018 - By Lynda A. Deweese

The stock of MODEC INC TOKYO SHS (OTCMKTS:MDIKF) registered an increase of 22.03% in short interest. MDIKF’s total short interest was 28,800 shares in May as published by FINRA. Its up 22.03% from 23,600 shares, reported previously.

It closed at $23.41 lastly. It is down 0.00% since May 10, 2017 and is . It has underperformed by 11.55% 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 $. 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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