MGM China Holdings Limited (OTCMKTS:MCHVF) Short Interest Update

MGM China Holdings Limited (OTCMKTS:MCHVF) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 1,029,100 shares, a decrease of 64.0% from the August 31st total of 2,855,200 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded MGM China from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

MGM China Price Performance

Shares of MGM China stock opened at $1.90 on Friday. The business has a 50 day moving average price of $2.03 and a 200-day moving average price of $1.75. MGM China has a 52 week low of $1.05 and a 52 week high of $2.10.

MGM China Company Profile

MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau.