Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) Short Interest Down 57.2% in July

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,512 shares, a drop of 57.2% from the July 15th total of 3,534 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 7,401 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

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

Wynn Macau Trading Down 1.6%

Wynn Macau stock opened at $7.27 on Friday. The stock has a 50-day simple moving average of $6.87 and a 200 day simple moving average of $7.13. Wynn Macau has a 52 week low of $6.26 and a 52 week high of $9.80.

About Wynn Macau

Wynn Macau Limited, trading as an American depositary receipt on the OTC Markets under the symbol WYNMY, is an operator of luxury integrated resorts in the Macau Special Administrative Region of the People’s Republic of China. As a subsidiary of Wynn Resorts, the company develops, owns and operates two world-class properties—Wynn Macau on the Macau Peninsula and Wynn Palace on Cotai—each offering a blend of gaming, hospitality and entertainment amenities.

The core of Wynn Macau’s business is gaming, with a focus on high-end table games and electronic gaming machines that cater to premium mass and VIP clientele.