Studio City Ih (NYSE:MSC) Short Interest Up 112.2% in December

Studio City Ih (NYSE:MSC) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 14,764 shares, an increase of 112.2% from the December 15th total of 6,956 shares. Based on an average daily trading volume, of 9,393 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,393 shares, the days-to-cover ratio is currently 1.6 days.

Studio City Ih Trading Down 1.5%

NYSE:MSC traded down $0.05 during midday trading on Wednesday, reaching $3.35. 6,064 shares of the stock traded hands, compared to its average volume of 1,583. The stock has a market capitalization of $741.72 million, a P/E ratio of -9.85 and a beta of -0.09. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.71 and a current ratio of 0.76. The company has a fifty day moving average of $3.51 and a 200 day moving average of $4.08. Studio City Ih has a 12 month low of $2.30 and a 12 month high of $6.63.

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

Analysts Set New Price Targets

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