Short Interest in Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) Declines By 56.6%

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 3,534 shares, a decrease of 56.6% from the June 30th total of 8,151 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,976 shares, the days-to-cover ratio is presently 0.5 days.

Wynn Macau Price Performance

Shares of Wynn Macau stock opened at $7.20 on Tuesday. Wynn Macau has a 52-week low of $6.26 and a 52-week high of $9.80. The company’s fifty day moving average price is $6.88 and its two-hundred day moving average price is $7.15.

Analyst Upgrades and Downgrades

WYNMY has been the topic of several research analyst reports. The Goldman Sachs Group upgraded shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. CLSA lowered Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, Wynn Macau has an average rating of “Strong Buy”.

About Wynn Macau

Wynn Macau Limited, trading as an American depositary receipt on the OTC Markets under the symbol WYNMY, is an operator of luxury integrated resorts in the Macau Special Administrative Region of the People’s Republic of China. As a subsidiary of Wynn Resorts, the company develops, owns and operates two world-class properties—Wynn Macau on the Macau Peninsula and Wynn Palace on Cotai—each offering a blend of gaming, hospitality and entertainment amenities.

The core of Wynn Macau’s business is gaming, with a focus on high-end table games and electronic gaming machines that cater to premium mass and VIP clientele.