Studio City Ih (NYSE:MSC) Short Interest Down 53.0% in July

Studio City Ih (NYSE:MSC) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,704 shares, a drop of 53.0% from the June 30th total of 5,751 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,701 shares, the days-to-cover ratio is presently 1.0 days.

Studio City Ih Trading Up 0.9%

Shares of NYSE:MSC traded up $0.02 on Tuesday, reaching $1.77. 1,426 shares of the company traded hands, compared to its average volume of 8,066. The stock has a market capitalization of $372.13 million, a P/E ratio of -8.03 and a beta of 0.13. The business’s 50-day simple moving average is $2.05 and its 200 day simple moving average is $2.61. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 3.03. Studio City Ih has a 52 week low of $1.58 and a 52 week high of $6.63.

Studio City Ih (NYSE:MSC) last released its earnings results on Tuesday, March 31st. The company reported $0.00 earnings per share for the quarter. Studio City Ih had a negative return on equity of 6.90% and a negative net margin of 5.68%.The company had revenue of $176.72 million during the quarter.

Studio City Ih Company Profile

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.