Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) Shares Shorted: Short Interest Down 58.3% in October

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 809 shares, a decrease of 58.3% from the September 30th total of 1,941 shares. Based on an average daily volume of 7,133 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of brokerages recently commented on WYNMY. CLSA downgraded Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, July 10th. The Goldman Sachs Group raised Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Wynn Macau Price Performance

Shares of OTCMKTS WYNMY opened at $5.67 on Friday. The firm’s 50-day moving average price is $6.63 and its two-hundred day moving average price is $7.02. Wynn Macau has a 52-week low of $5.61 and a 52-week high of $8.82.

Wynn Macau Company Profile

Wynn Macau Limited is a developer and operator of integrated resort properties in Macau. The company is associated with Wynn Resorts and serves the Macau market through luxury resorts that combine casino gaming with hotels, restaurants, retail outlets, entertainment venues, spas and convention facilities.

Its principal properties include Wynn Macau on the Macau Peninsula and Wynn Palace in the Cotai area. The Wynn Macau resort also includes the Encore at Wynn Macau hotel tower. These properties offer a range of gaming options, premium accommodations, fine dining and leisure experiences aimed at both international visitors and regional travelers.

Wynn Macau Limited was established as part of Wynn Resorts’ expansion into Macau after receiving a gaming concession in 2002.