Short Interest in MGM China Holdings Limited (OTCMKTS:MCHVF) Rises By 18.9%

MGM China Holdings Limited (OTCMKTS:MCHVF) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 319,810 shares, an increase of 18.9% from the February 12th total of 269,010 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

MGM China Stock Performance

Shares of MCHVF opened at $1.61 on Tuesday. The business has a fifty day moving average of $1.61 and a 200 day moving average of $1.85. MGM China has a 52-week low of $1.08 and a 52-week high of $2.20.

About MGM China

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.