Short Interest in MGM China Holdings Limited (OTCMKTS:MCHVY) Expands By 19.0%

MGM China Holdings Limited (OTCMKTS:MCHVY) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 94 shares, an increase of 19.0% from the February 12th total of 79 shares. Based on an average daily trading volume, of 7 shares, the days-to-cover ratio is currently 13.4 days. Based on an average daily trading volume, of 7 shares, the days-to-cover ratio is currently 13.4 days.

MGM China Stock Performance

Shares of MCHVY stock traded up $2.39 during trading hours on Monday, reaching $19.89. The company had a trading volume of 163 shares, compared to its average volume of 267. MGM China has a one year low of $14.17 and a one year high of $24.13. The business has a fifty day moving average price of $19.05 and a 200-day moving average price of $21.39.

MGM China Company Profile

MGM China Holdings Limited is a developer and operator of luxury integrated resorts in the Macau Special Administrative Region of China. The company’s core business encompasses casino gaming, hospitality, entertainment, retail and convention services. Through its flagship properties, MGM China offers a full spectrum of experiences, ranging from high-end gaming salons and mass-market gaming tables to fine dining venues, world-class entertainment shows and upscale retail boutiques.

MGM China’s portfolio includes two major integrated resorts: MGM Macau, located on the Macau Peninsula, and MGM Cotai, situated in the Cotai resort zone.