Short Interest in Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) Declines By 56.6%

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,534 shares, a decrease of 56.6% from the June 30th total of 8,151 shares. Based on an average trading volume of 6,976 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

WYNMY has been the topic of several research reports. The Goldman Sachs Group upgraded shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. CLSA downgraded shares of Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Wynn Macau Price Performance

Wynn Macau stock opened at $7.02 on Monday. The business’s 50-day moving average price is $6.87 and its 200 day moving average price is $7.15. Wynn Macau has a 52 week low of $6.26 and a 52 week high of $9.80.

About Wynn Macau

Wynn Macau Limited, trading as an American depositary receipt on the OTC Markets under the symbol WYNMY, is an operator of luxury integrated resorts in the Macau Special Administrative Region of the People’s Republic of China. As a subsidiary of Wynn Resorts, the company develops, owns and operates two world-class properties—Wynn Macau on the Macau Peninsula and Wynn Palace on Cotai—each offering a blend of gaming, hospitality and entertainment amenities.

The core of Wynn Macau’s business is gaming, with a focus on high-end table games and electronic gaming machines that cater to premium mass and VIP clientele.