Short Interest in MGM China Holdings Limited (OTCMKTS:MCHVF) Drops By 99.2%

MGM China Holdings Limited (OTCMKTS:MCHVF) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 11,897 shares, a drop of 99.2% from the December 15th total of 1,480,100 shares. Based on an average trading volume of 364 shares, the short-interest ratio is currently 32.7 days. Based on an average trading volume of 364 shares, the short-interest ratio is currently 32.7 days.

MGM China Stock Performance

MCHVF stock remained flat at $1.61 during mid-day trading on Monday. The stock’s fifty day moving average price is $1.95 and its 200 day moving average price is $1.95. MGM China has a twelve month low of $1.08 and a twelve month high of $2.20.

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.