Sands China Ltd. (OTCMKTS:SCHYY – Get Free Report) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,213 shares, a drop of 94.4% from the June 30th total of 56,910 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 184,961 shares, the short-interest ratio is presently 0.0 days.
Sands China Stock Performance
Shares of SCHYY traded up $0.54 during midday trading on Friday, hitting $17.82. 61,766 shares of the company’s stock traded hands, compared to its average volume of 89,020. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.84 and a current ratio of 0.85. Sands China has a 1 year low of $16.39 and a 1 year high of $29.04. The firm’s fifty day moving average is $18.08 and its 200-day moving average is $20.90.
Wall Street Analyst Weigh In
Several research firms have issued reports on SCHYY. Morgan Stanley cut shares of Sands China from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Zacks Research lowered shares of Sands China from a “hold” rating to a “strong sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.
About Sands China
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.
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