Studio City International Holdings Limited (NYSE:MSC) Short Interest Update

Studio City International Holdings Limited (NYSE:MSC) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,100 shares, a drop of 85.7% from the February 13th total of 7,700 shares. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Studio City International Trading Down 1.5 %

Shares of MSC stock traded down $0.06 during trading hours on Thursday, reaching $3.71. The company’s stock had a trading volume of 1,006 shares, compared to its average volume of 8,225. The stock has a market capitalization of $780.70 million, a P/E ratio of -8.05 and a beta of -0.41. Studio City International has a one year low of $2.30 and a one year high of $9.30. The firm’s fifty day simple moving average is $4.16 and its 200 day simple moving average is $5.61. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19.

Studio City International (NYSE:MSC) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $152.86 million during the quarter. Studio City International had a negative return on equity of 12.84% and a negative net margin of 14.46%.

Institutional Investors Weigh In On Studio City International

An institutional investor recently bought a new position in Studio City International stock. Invesco Ltd. purchased a new stake in shares of Studio City International Holdings Limited (NYSE:MSC) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,000 shares of the company’s stock, valued at approximately $141,000.

Studio City International Company Profile

Studio City International Holdings Limited operates an entertainment resort in Macau. It operates Studio City Casino, comprising gaming tables, including tables for VIP rolling chip operations and gaming machines; and resort, which offers various non-gaming attractions, including figure-8 ferris wheel, night club and karaoke venue, live performance arena, and an outdoor and indoor water park, as well as hotel rooms and various food and beverage establishments, and retail space.