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

MGM China Holdings Limited (OTCMKTS:MCHVF) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 319,810 shares, an increase of 18.9% from the February 12th total of 269,010 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

MGM China Price Performance

Shares of OTCMKTS MCHVF remained flat at $1.61 during mid-day trading on Monday. The stock has a 50 day moving average price of $1.61 and a 200-day moving average price of $1.85. MGM China has a 1-year low of $1.08 and a 1-year high of $2.20.

MGM China Company Profile

MGM China Holdings Limited operates as an integrated resort developer, owner and operator in the Macau Special Administrative Region. A subsidiary of MGM Resorts International, the company develops and manages large-scale casino hotel properties that combine gaming facilities with entertainment, dining, retail and convention amenities. MGM China’s flagship properties include MGM Macau—launched in 2007 on the Macau Peninsula—and the more recent MGM Cotai, which opened in February 2018 on the Cotai Strip, offering expanded gaming floors, signature luxury accommodations and bespoke entertainment venues.

The company’s core business activities center on gaming operations, hotel management and ancillary services such as food and beverage, retail concessions, convention and exhibition space, and live performance and entertainment production.