After Reaching Milestone, Is MGM CHINA HOLDINGS LTD. ORDINARY SHARES (OTCMKTS:MCHVF)’s Short Interest Revealing Something?

May 10, 2018 - By Peter Erickson

The stock of MGM CHINA HOLDINGS LTD. ORDINARY SHARES (OTCMKTS:MCHVF) registered a decrease of 3.47% in short interest. MCHVF’s total short interest was 30.04M shares in May as published by FINRA. Its down 3.47% from 31.12M shares, reported previously. With 4,500 shares average volume, it will take short sellers 6675 days to cover their MCHVF’s short positions. The short interest to MGM CHINA HOLDINGS LTD. ORDINARY SHARES’s float is 3.73%.

It closed at $2.63 lastly. It is down 0.00% since May 10, 2017 and is . It has underperformed by 11.55% the S&P500.

MGM China Holdings Limited, an investment holding company, engages in the development and operation of casino games of chance and other casino games, and the related hotel and resort facilities in Macau. The company has market cap of $11.28 billion. It owns and operates the MGM Macau, an integrated resort located on the Macau Peninsula. It has a 33.72 P/E ratio. The casino has a floor area of approximately 30,069 square meters, with 1,060 slot machines, 427 gaming tables, and multiple VIP and private gaming areas; and hotel that comprises a 35-storey tower with 582 deluxe rooms, including 468 standard guest rooms, 99 luxury suites, and 15 private luxury villas.

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