MGM China Holdings Limited (OTCMKTS:MCHVY) Short Interest Update

MGM China Holdings Limited (OTCMKTS:MCHVY) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 500 shares, a growth of 66.7% from the September 15th total of 300 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 1.7 days.

MGM China Stock Performance

Shares of MGM China stock remained flat at $17.49 on Monday. The company’s stock had a trading volume of 148 shares, compared to its average volume of 828. The business has a 50 day moving average price of $16.98 and a 200-day moving average price of $19.22. MGM China has a 52-week low of $14.14 and a 52-week high of $21.26.

MGM China Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.4733 per share. This is a boost from MGM China’s previous dividend of $0.32. The ex-dividend date is Friday, September 13th. MGM China’s payout ratio is presently 91.87%.

MGM China Company Profile

MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau.