MGM China Holdings Limited (OTCMKTS:MCHVF) Sees Large Decrease in Short Interest

MGM China Holdings Limited (OTCMKTS:MCHVF) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 2,610 shares, a drop of 78.1% from the December 31st total of 11,897 shares. Based on an average daily volume of 3,909 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 3,909 shares, the days-to-cover ratio is currently 0.7 days.

MGM China Price Performance

Shares of MCHVF stock remained flat at $1.61 during mid-day trading on Wednesday. The business has a 50-day moving average of $1.86 and a two-hundred day moving average of $1.95. MGM China has a 12-month low of $1.08 and a 12-month high of $2.20.

MGM China Company Profile

MGM China Holdings Limited operates as an integrated resort developer, owner and operator in the Macau Special Administrative Region. A subsidiary of MGM Resorts International, the company develops and manages large-scale casino hotel properties that combine gaming facilities with entertainment, dining, retail and convention amenities. MGM China’s flagship properties include MGM Macau—launched in 2007 on the Macau Peninsula—and the more recent MGM Cotai, which opened in February 2018 on the Cotai Strip, offering expanded gaming floors, signature luxury accommodations and bespoke entertainment venues.

The company’s core business activities center on gaming operations, hotel management and ancillary services such as food and beverage, retail concessions, convention and exhibition space, and live performance and entertainment production.