MGM China Holdings Limited (OTCMKTS:MCHVF – Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 2,577,900 shares, a growth of 38.0% from the March 15th total of 1,867,900 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is presently 2,577.9 days.
MGM China Price Performance
MGM China stock opened at $1.80 on Monday. MGM China has a 1-year low of $0.97 and a 1-year high of $1.80. The company’s 50-day moving average is $1.54 and its 200 day moving average is $1.34.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group raised shares of MGM China from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th.
About MGM China
MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau.
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