Crown Resorts Limited (OTCMKTS:CWLDF) Short Interest Up 17.5% in April

Crown Resorts Limited (OTCMKTS:CWLDFGet Rating) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 451,500 shares, a growth of 17.5% from the March 31st total of 384,200 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Crown Resorts from an “overweight” rating to a “neutral” rating in a research note on Monday. Credit Suisse Group upgraded shares of Crown Resorts from an “underperform” rating to a “neutral” rating in a report on Monday, February 14th.

OTCMKTS:CWLDF opened at $9.44 on Friday. The stock’s fifty day simple moving average is $9.33 and its 200-day simple moving average is $8.52. Crown Resorts has a 12-month low of $6.92 and a 12-month high of $10.46.

About Crown Resorts (Get Rating)

Crown Resorts Limited operates in the entertainment industry primarily in Australia. It operates through four segments: Crown Melbourne, Crown Perth, Crown Aspinalls, and Wagering & Online. The company owns and operates two integrated resorts, including Crown Melbourne and Crown Perth. Its Crown Melbourne resort comprises 2,628 gaming machines and 540 gaming tables; the Crown Towers Melbourne hotel with 481 guest rooms, the Crown Metropol Melbourne hotel with 658 guest rooms, and the Crown Promenade Melbourne hotel with 465 guest rooms; a conference center; banqueting facilities; restaurants and bars; and designer brands and retail outlets.

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