Sands China Ltd. (OTCMKTS:SCHYY) Short Interest Up 3,182.9% in June

Sands China Ltd. (OTCMKTS:SCHYY) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 31,122 shares, a growth of 3,182.9% from the May 31st total of 948 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 175,296 shares, the days-to-cover ratio is presently 0.2 days.

Sands China Stock Performance

Shares of SCHYY traded down $0.07 during mid-day trading on Friday, reaching $16.70. 65,552 shares of the company’s stock traded hands, compared to its average volume of 83,451. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.84 and a current ratio of 0.85. The business’s 50-day moving average price is $19.72 and its 200-day moving average price is $22.19. Sands China has a 12 month low of $16.49 and a 12 month high of $29.04.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SCHYY. Morgan Stanley downgraded Sands China from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Zacks Research raised Sands China from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.