Studio City Ih (NYSE:MSC) Short Interest Up 86.2% in December

Studio City Ih (NYSE:MSC) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 6,956 shares, a growth of 86.2% from the November 30th total of 3,735 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,263 shares, the days-to-cover ratio is presently 3.1 days. Based on an average daily trading volume, of 2,263 shares, the days-to-cover ratio is presently 3.1 days. Approximately 0.0% of the shares of the company are short sold.

Studio City Ih Price Performance

Shares of NYSE:MSC traded up $0.05 during trading on Friday, reaching $2.93. 8,052 shares of the company’s stock traded hands, compared to its average volume of 4,155. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 3.45. Studio City Ih has a fifty-two week low of $2.30 and a fifty-two week high of $6.81. The company has a 50-day simple moving average of $3.66 and a 200-day simple moving average of $4.03. The firm has a market cap of $616.36 million, a PE ratio of -8.60 and a beta of -0.13.

Studio City Ih (NYSE:MSC) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter. Studio City Ih had a negative return on equity of 10.34% and a negative net margin of 9.66%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Studio City Ih in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

About Studio City Ih

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.