Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) Short Interest Down 57.2% in July

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,512 shares, a drop of 57.2% from the July 15th total of 3,534 shares. Based on an average trading volume of 7,401 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

WYNMY has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded Wynn Macau from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. CLSA downgraded Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Wynn Macau Price Performance

Wynn Macau stock opened at $7.27 on Monday. Wynn Macau has a fifty-two week low of $6.26 and a fifty-two week high of $9.80. The firm has a fifty day moving average price of $6.87 and a two-hundred day moving average price of $7.13.

About Wynn Macau

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.