Studio City Ih (NYSE:MSC) Sees Large Decline in Short Interest

Studio City Ih (NYSE:MSC) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,371 shares, a drop of 73.1% from the April 30th total of 5,106 shares. Based on an average daily volume of 11,170 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Studio City Ih Stock Performance

Shares of NYSE:MSC remained flat at $2.34 during midday trading on Friday. The stock had a trading volume of 1,111 shares, compared to its average volume of 5,041. Studio City Ih has a 1-year low of $2.10 and a 1-year high of $6.63. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 3.03. The company has a market cap of $493.08 million, a PE ratio of -10.64 and a beta of 0.09. The business has a 50 day moving average of $2.58 and a two-hundred day moving average of $3.04.

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

About Studio City Ih

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.