MGM China Holdings Limited (OTCMKTS:MCHVY – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 33 shares, a decline of 72.5% from the August 31st total of 120 shares. Based on an average daily volume of 39 shares, the short-interest ratio is presently 0.8 days.
MGM China Price Performance
Shares of MCHVY remained flat at $15.09 during midday trading on Friday. The company’s 50-day moving average is $14.00 and its 200 day moving average is $15.66. MGM China has a 12-month low of $13.47 and a 12-month high of $23.55.
About MGM China
MGM China Holdings Limited is a Macau-based integrated resort operator and a subsidiary of MGM Resorts International. The company develops and operates casino resorts offering gaming, hotel accommodations, dining, entertainment, retail, and meeting and convention facilities.
MGM China operates MGM Macau, which opened in 2007 on the Macau Peninsula, and MGM Cotai, which opened in 2018 in the Cotai area. Its resorts serve visitors from mainland China, Hong Kong, Taiwan, and international markets, with offerings designed for both leisure and business travelers.
The company operates under Macau’s gaming concession framework and has expanded its non-gaming amenities alongside its casino business.
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