Studio City Ih (NYSE:MSC) Short Interest Down 57.3% in March

Studio City Ih (NYSE:MSC) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 4,936 shares, a decline of 57.3% from the February 26th total of 11,550 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,346 shares, the days-to-cover ratio is presently 3.7 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Studio City Ih in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Studio City Ih currently has a consensus rating of “Sell”.

Studio City Ih Stock Performance

MSC opened at $2.47 on Thursday. The stock’s 50 day simple moving average is $3.05 and its 200 day simple moving average is $3.52. The company has a debt-to-equity ratio of 3.53, a current ratio of 0.73 and a quick ratio of 0.68. The stock has a market cap of $519.85 million, a P/E ratio of -7.96 and a beta of -0.05. Studio City Ih has a 1-year low of $2.16 and a 1-year high of $6.63.

Studio City Ih Company Profile

Studio City International Holdings Limited (NYSE: MSC) is a Cayman Islands–incorporated company that develops, owns and operates the Studio City integrated resort on the Cotai Strip in Macau. The business is principally engaged in gaming and non-gaming operations, including hotel accommodations, retail concessions, food and beverage outlets, live entertainment and themed attractions. Studio City is designed to cater to both mass-market and premium gaming customers while also appealing to family and leisure travelers through its entertainment and retail offerings.

The centerpiece of the company’s portfolio is the Studio City resort, which opened in October 2015 and features two landmark hotel towers, more than 1,600 guest rooms and suites, over 160,000 square feet of retail space, a range of dining concepts and convention facilities.