MGM China Holdings Limited (OTCMKTS:MCHVF) Short Interest Update

MGM China Holdings Limited (OTCMKTS:MCHVF) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 1,153,600 shares, an increase of 65.7% from the March 31st total of 696,000 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

MGM China Price Performance

MCHVF remained flat at $1.61 during trading on Monday. MGM China has a fifty-two week low of $1.08 and a fifty-two week high of $2.20. The business’s 50 day moving average is $1.61 and its 200 day moving average is $1.77.

MGM China Company Profile

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.