Sands China Ltd. (OTCMKTS:SCHYY) Shares Shorted: Short Interest Up 93.3% in October

Sands China Ltd. (OTCMKTS:SCHYY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 109,391 shares, a growth of 93.3% from the September 30th total of 56,592 shares. Based on an average daily volume of 262,695 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Sands China from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Sands China Price Performance

OTCMKTS SCHYY opened at $13.60 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.61 and a debt-to-equity ratio of 4.40. The company has a fifty day moving average of $15.72 and a two-hundred day moving average of $19.26. Sands China has a 52 week low of $13.25 and a 52 week high of $28.12.

About Sands China

Sands China Ltd. is an integrated resort developer and operator based in Macau. The company is a subsidiary of Las Vegas Sands Corp. and focuses on providing gaming, hospitality, entertainment, retail, dining and convention services in the Macau market.

Its portfolio includes The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and the Plaza Macao, which includes Four Seasons Hotel Macao. These properties combine casino gaming with luxury hotels, shopping malls, restaurants, theaters, entertainment venues and meeting and exhibition facilities.

Sands China has played a significant role in the development of Macau’s Cotai area as a major integrated-resort and tourism destination.