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

MGM China Holdings Limited (OTCMKTS:MCHVF) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 1,029,100 shares, a drop of 64.0% from the August 31st total of 2,855,200 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

MGM China Price Performance

MCHVF stock opened at $1.90 on Friday. MGM China has a 12-month low of $1.05 and a 12-month high of $2.10. The stock’s 50 day simple moving average is $2.03 and its 200 day simple moving average is $1.75.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded MGM China from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, MGM China presently has a consensus rating of “Buy”.

About MGM China

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.