Short Interest in Sands China Ltd. (OTCMKTS:SCHYY) Expands By 588.7%

Sands China Ltd. (OTCMKTS:SCHYY) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 20,212 shares, an increase of 588.7% from the July 30th total of 2,935 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 45,840 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SCHYY shares. Morgan Stanley downgraded Sands China from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Zacks Research downgraded Sands China from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Sands China Price Performance

Shares of OTCMKTS:SCHYY opened at $17.91 on Friday. The stock’s 50-day simple moving average is $17.69 and its two-hundred day simple moving average is $19.98. Sands China has a 52-week low of $16.39 and a 52-week high of $29.04. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.85 and a quick ratio of 0.84.

Sands China Company Profile

Sands China Ltd is a Macau-based developer and operator of integrated resorts and casino properties. As a subsidiary of Las Vegas Sands Corp., the company focuses on the development, ownership and operation of large-scale destination resorts that combine gaming with hotels, retail, dining, meetings and entertainment. Its portfolio includes well-known integrated resorts on the Macau Peninsula and the Cotai Strip that are designed to serve both leisure tourists and business travelers.

The company’s core activities include casino gaming operations (table games and electronic gaming), hotel management, retail mall operations, food and beverage services, and the provision of convention and exhibition facilities.