A solid choice — #15 of 31 Modal ranks #15 of 31 fabrics for quick drying. It is a good fabric for this. Ranked on low moisture regain, low weight, and packability — the inverse of absorbency. The top pick is Polypropylene.
Modal measures 72/100 for breathability, 13% moisture regain, 25/100 warmth, at 150 gsm. Fast drying favours low moisture regain: at 13% Modal holds water and dries slowly, and 150 gsm keeps it light.