The Star Entertainment Group Limited (OTCMKTS:EHGRF) Sees Large Increase in Short Interest

The Star Entertainment Group Limited (OTCMKTS:EHGRF) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 3,083,792 shares, a growth of 44.6% from the January 15th total of 2,132,454 shares. Based on an average daily volume of 3,020 shares, the days-to-cover ratio is presently 1,021.1 days. Based on an average daily volume of 3,020 shares, the days-to-cover ratio is presently 1,021.1 days.

The Star Entertainment Group Stock Performance

OTCMKTS:EHGRF opened at $0.12 on Friday. The stock’s 50 day moving average price is $0.11 and its 200 day moving average price is $0.08. The Star Entertainment Group has a 52 week low of $0.05 and a 52 week high of $0.13.

The Star Entertainment Group Company Profile

The Star Entertainment Group (OTCMKTS:EHGRF) is an Australian-based integrated resort operator that develops, owns and manages gaming and entertainment venues. The company’s principal properties include The Star Sydney in New South Wales, The Star Gold Coast in Queensland and Treasury Brisbane in Queensland. Through these venues, The Star offers casino gaming, hospitality, dining, live entertainment, convention and event facilities, as well as luxury accommodation.

Founded in 2011 as Echo Entertainment Group following a spin-off of Tabcorp’s casino assets, the company rebranded to The Star Entertainment Group in 2015 to unify its flagship resorts under a single identity.