The Star Entertainment Group Limited (OTCMKTS:EHGRF) Sees Large Increase in Short Interest

The Star Entertainment Group Limited (OTCMKTS:EHGRF) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 1,767,001 shares, a growth of 500.5% from the November 30th total of 294,253 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

The Star Entertainment Group Stock Performance

EHGRF stock opened at $0.13 on Friday. The Star Entertainment Group has a 52-week low of $0.05 and a 52-week high of $0.16. The business has a 50-day simple moving average of $0.06 and a two-hundred day simple moving average of $0.07.

The Star Entertainment Group Company Profile

The Star Entertainment Group (OTCMKTS:EHGRF) is an Australian-based integrated resort operator that develops, owns and manages gaming and entertainment venues. The company’s principal properties include The Star Sydney in New South Wales, The Star Gold Coast in Queensland and Treasury Brisbane in Queensland. Through these venues, The Star offers casino gaming, hospitality, dining, live entertainment, convention and event facilities, as well as luxury accommodation.

Founded in 2011 as Echo Entertainment Group following a spin-off of Tabcorp’s casino assets, the company rebranded to The Star Entertainment Group in 2015 to unify its flagship resorts under a single identity.