Sands China Ltd. (OTCMKTS:SCHYY) Sees Significant Increase in Short Interest

Sands China Ltd. (OTCMKTS:SCHYY) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 37,847 shares, an increase of 594.8% from the March 15th total of 5,447 shares. Based on an average daily trading volume, of 92,214 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, HSBC raised Sands China to a “buy” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Sands China Trading Down 0.9%

Sands China stock traded down $0.19 during mid-day trading on Friday, reaching $21.91. The company had a trading volume of 11,333 shares, compared to its average volume of 46,993. The business has a fifty day simple moving average of $22.36 and a 200 day simple moving average of $24.61. Sands China has a fifty-two week low of $16.15 and a fifty-two week high of $29.04. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.84 and a current ratio of 0.85.

Sands China Company Profile

Sands China Ltd is a Macau-based developer and operator of integrated resorts and casino properties. As a subsidiary of Las Vegas Sands Corp., the company focuses on the development, ownership and operation of large-scale destination resorts that combine gaming with hotels, retail, dining, meetings and entertainment. Its portfolio includes well-known integrated resorts on the Macau Peninsula and the Cotai Strip that are designed to serve both leisure tourists and business travelers.

The company’s core activities include casino gaming operations (table games and electronic gaming), hotel management, retail mall operations, food and beverage services, and the provision of convention and exhibition facilities.