Studio City Ih (NYSE:MSC) Sees Large Growth in Short Interest

Studio City Ih (NYSE:MSC) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 14,764 shares, a growth of 112.2% from the December 15th total of 6,956 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 9,393 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 9,393 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Studio City Ih in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Studio City Ih has a consensus rating of “Sell”.

Studio City Ih Stock Up 0.5%

MSC stock traded up $0.02 during mid-day trading on Friday, reaching $3.32. The company had a trading volume of 348 shares, compared to its average volume of 1,895. The company has a market capitalization of $705.90 million, a price-to-earnings ratio of -9.75 and a beta of -0.09. Studio City Ih has a 52 week low of $2.30 and a 52 week high of $6.63. The stock has a 50 day simple moving average of $3.49 and a two-hundred day simple moving average of $4.07. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.76 and a quick ratio of 0.71.

Studio City Ih (NYSE:MSC) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter. Studio City Ih had a negative return on equity of 10.34% and a negative net margin of 9.66%.

About Studio City Ih

Studio City International Holdings Limited (NYSE: MSC) is a Cayman Islands–incorporated company that develops, owns and operates the Studio City integrated resort on the Cotai Strip in Macau. The business is principally engaged in gaming and non-gaming operations, including hotel accommodations, retail concessions, food and beverage outlets, live entertainment and themed attractions. Studio City is designed to cater to both mass-market and premium gaming customers while also appealing to family and leisure travelers through its entertainment and retail offerings.

The centerpiece of the company’s portfolio is the Studio City resort, which opened in October 2015 and features two landmark hotel towers, more than 1,600 guest rooms and suites, over 160,000 square feet of retail space, a range of dining concepts and convention facilities.