Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) Sees Large Increase in Short Interest

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 15,100 shares, a growth of 843.8% from the September 15th total of 1,600 shares. Based on an average daily volume of 22,900 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 22,900 shares, the days-to-cover ratio is currently 0.7 days.

Wynn Macau Stock Down 1.3%

Shares of OTCMKTS:WYNMY opened at $8.21 on Friday. Wynn Macau has a fifty-two week low of $5.83 and a fifty-two week high of $9.80. The firm’s 50 day moving average price is $8.67 and its 200 day moving average price is $7.66.

Wynn Macau Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th were issued a dividend of $0.2013 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a yield of 417.0%.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

About Wynn Macau

Wynn Macau, Limited, through its subsidiaries, engages in the development, ownership, and operation of integrated destination casino resorts in Macau. The company's Wynn Palace resort features approximately 468,000 square feet of casino space providing 24-hour gaming and various games comprising private gaming salons and sky casinos; a luxury hotel with guest rooms, suites, and villas; and food and beverage outlets.