Studio City International Holdings Limited (NYSE:MSC) Short Interest Update

Studio City International Holdings Limited (NYSE:MSC) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 9,600 shares, a decline of 15.8% from the November 15th total of 11,400 shares. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is presently 1.3 days.

Studio City International Stock Down 0.6 %

Shares of MSC stock opened at $6.70 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19. Studio City International has a fifty-two week low of $5.02 and a fifty-two week high of $9.30. The firm’s 50 day moving average price is $6.50 and its two-hundred day moving average price is $6.52.

Studio City International (NYSE:MSC) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $174.63 million for the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC raised its stake in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,000 shares of the company’s stock after acquiring an additional 10,392 shares during the quarter. Walleye Capital LLC owned approximately 0.06% of Studio City International worth $488,000 at the end of the most recent quarter.

About Studio City International

Studio City International Holdings Limited operates an entertainment resort in Macau. It operates Studio City Casino, comprising gaming tables, including tables for VIP rolling chip operations and gaming machines; and resort, which offers various non-gaming attractions, including figure-8 ferris wheel, night club and karaoke venue, live performance arena, and an outdoor and indoor water park, as well as hotel rooms and various food and beverage establishments, and retail space.