Short Interest in Sands China Ltd. (OTCMKTS:SCHYY) Increases By 588.7%

Sands China Ltd. (OTCMKTS:SCHYY) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 20,212 shares, an increase of 588.7% from the July 30th total of 2,935 shares. Based on an average daily trading volume, of 45,840 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Sands China Trading Down 1.2%

OTCMKTS:SCHYY opened at $18.50 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 4.44. The company has a 50 day simple moving average of $17.66 and a two-hundred day simple moving average of $20.05. Sands China has a 12 month low of $16.39 and a 12 month high of $29.04.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SCHYY. Zacks Research lowered shares of Sands China from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Morgan Stanley downgraded Sands China from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Sands China Company Profile

Sands China Ltd is a Macau-based developer and operator of integrated resorts and casino properties. As a subsidiary of Las Vegas Sands Corp., the company focuses on the development, ownership and operation of large-scale destination resorts that combine gaming with hotels, retail, dining, meetings and entertainment. Its portfolio includes well-known integrated resorts on the Macau Peninsula and the Cotai Strip that are designed to serve both leisure tourists and business travelers.

The company’s core activities include casino gaming operations (table games and electronic gaming), hotel management, retail mall operations, food and beverage services, and the provision of convention and exhibition facilities.