Short Interest in Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) Declines By 56.6%

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,534 shares, a decrease of 56.6% from the June 30th total of 8,151 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 6,976 shares, the short-interest ratio is presently 0.5 days.

Wynn Macau Stock Performance

WYNMY stock opened at $7.20 on Wednesday. The company’s 50 day simple moving average is $6.88 and its 200-day simple moving average is $7.14. Wynn Macau has a 12 month low of $6.26 and a 12 month high of $9.80.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. The Goldman Sachs Group raised Wynn Macau from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. CLSA cut Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, Wynn Macau presently has an average rating of “Strong Buy”.

Wynn Macau Company Profile

Wynn Macau Limited, trading as an American depositary receipt on the OTC Markets under the symbol WYNMY, is an operator of luxury integrated resorts in the Macau Special Administrative Region of the People’s Republic of China. As a subsidiary of Wynn Resorts, the company develops, owns and operates two world-class properties—Wynn Macau on the Macau Peninsula and Wynn Palace on Cotai—each offering a blend of gaming, hospitality and entertainment amenities.

The core of Wynn Macau’s business is gaming, with a focus on high-end table games and electronic gaming machines that cater to premium mass and VIP clientele.