MGM China Holdings Limited (OTCMKTS:MCHVF) Sees Large Increase in Short Interest

MGM China Holdings Limited (OTCMKTS:MCHVF) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 751,200 shares, a growth of 134.9% from the February 26th total of 319,810 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

MGM China Stock Performance

OTCMKTS:MCHVF remained flat at $1.61 during trading hours on Friday. MGM China has a twelve month low of $1.08 and a twelve month high of $2.20. The firm’s 50 day simple moving average is $1.61 and its two-hundred day simple moving average is $1.82.

MGM China Company Profile

MGM China Holdings Limited operates as an integrated resort developer, owner and operator in the Macau Special Administrative Region. A subsidiary of MGM Resorts International, the company develops and manages large-scale casino hotel properties that combine gaming facilities with entertainment, dining, retail and convention amenities. MGM China’s flagship properties include MGM Macau—launched in 2007 on the Macau Peninsula—and the more recent MGM Cotai, which opened in February 2018 on the Cotai Strip, offering expanded gaming floors, signature luxury accommodations and bespoke entertainment venues.

The company’s core business activities center on gaming operations, hotel management and ancillary services such as food and beverage, retail concessions, convention and exhibition space, and live performance and entertainment production.