MGM China Holdings Limited (OTCMKTS:MCHVF) Short Interest Up 9,723.8% in January

MGM China Holdings Limited (OTCMKTS:MCHVF) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 256,400 shares, an increase of 9,723.8% from the January 15th total of 2,610 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

MGM China Price Performance

OTCMKTS MCHVF opened at $1.61 on Wednesday. The company has a fifty day simple moving average of $1.78 and a 200 day simple moving average of $1.93. MGM China has a 12-month low of $1.08 and a 12-month 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.