Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) Stock Short Interest Report for October

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 809 shares, a decline of 58.3% from the September 30th total of 1,941 shares. Based on an average daily trading volume, of 7,133 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WYNMY shares. CLSA cut Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, July 10th. The Goldman Sachs Group upgraded shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Wynn Macau Stock Performance

Shares of OTCMKTS WYNMY opened at $5.67 on Friday. Wynn Macau has a 12-month low of $5.61 and a 12-month high of $8.82. The firm’s 50-day moving average price is $6.63 and its 200-day moving average price is $7.02.

About Wynn Macau

Wynn Macau Limited is a developer and operator of integrated resort properties in Macau. The company is associated with Wynn Resorts and serves the Macau market through luxury resorts that combine casino gaming with hotels, restaurants, retail outlets, entertainment venues, spas and convention facilities.

Its principal properties include Wynn Macau on the Macau Peninsula and Wynn Palace in the Cotai area. The Wynn Macau resort also includes the Encore at Wynn Macau hotel tower. These properties offer a range of gaming options, premium accommodations, fine dining and leisure experiences aimed at both international visitors and regional travelers.

Wynn Macau Limited was established as part of Wynn Resorts’ expansion into Macau after receiving a gaming concession in 2002.