Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) Stock Short Interest Drops 39.5%

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 607 shares, a drop of 39.5% from the August 31st total of 1,003 shares. Based on an average daily trading volume, of 17,736 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. CLSA downgraded shares of Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Wynn Macau Price Performance

Shares of Wynn Macau stock opened at $6.60 on Thursday. Wynn Macau has a 1-year low of $6.26 and a 1-year high of $9.46. The business’s fifty day moving average price is $7.08 and its two-hundred day moving average price is $7.03.

Wynn Macau Company Profile

Wynn Macau Limited is a Macau-based hospitality and gaming company and a subsidiary of Wynn Resorts, Limited. The company develops and operates integrated resort properties that combine casino gaming with luxury accommodations, dining, retail, entertainment and meeting facilities.

Its principal properties include Wynn Macau, located on the Macau Peninsula, and Wynn Palace, located in the Cotai area. The resorts offer hotel rooms and suites, gaming areas, restaurants, lounges, retail outlets, entertainment venues and other services designed for leisure and business visitors.

Wynn Macau Limited has operated in Macau since the opening of Wynn Macau in 2006, followed by the opening of Wynn Palace in 2016.