Studio City International Holdings Limited (NYSE:MSC – Get Rating) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,800 shares, a drop of 53.3% from the March 15th total of 6,000 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is presently 0.7 days.
Shares of NYSE:MSC opened at $5.75 on Thursday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.19 and a current ratio of 2.21. The stock’s 50-day moving average is $5.50 and its 200-day moving average is $6.37. Studio City International has a 52-week low of $4.39 and a 52-week high of $24.41. The company has a market cap of $636.62 million, a P/E ratio of -2.11 and a beta of -0.73.
Separately, Credit Suisse Group raised Studio City International from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 20th.
Studio City International Holdings Limited operates a gaming, retail, and entertainment resort in Cotai, Macau. The company operates Studio City Casino with 250 mass market gaming tables; approximately 947 gaming machines; and 45 VIP rolling chip tables. Its resort provides various non-gaming facilities, including approximately 1,600 luxury hotel rooms; food and beverage outlets; figure-8 Ferris wheel; a Batman flying theater ride; a night club and karaoke; a 5,000-seat live performance arena; and approximately 25,000 square meters of complementary retail space.
- Get a free copy of the StockNews.com research report on Studio City International (MSC)
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