MGM China Holdings Limited (OTCMKTS:MCHVF) Short Interest Down 99.2% in December

MGM China Holdings Limited (OTCMKTS:MCHVF) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 11,897 shares, a decrease of 99.2% from the December 15th total of 1,480,100 shares. Based on an average trading volume of 364 shares, the short-interest ratio is currently 32.7 days. Based on an average trading volume of 364 shares, the short-interest ratio is currently 32.7 days.

MGM China Price Performance

Shares of MCHVF stock remained flat at $1.61 on Monday. The business has a 50 day moving average price of $1.95 and a two-hundred day moving average price of $1.95. MGM China has a 1-year low of $1.08 and a 1-year high of $2.20.

MGM China Company Profile

MGM China Holdings Limited operates as an integrated resort developer, owner and operator in the Macau Special Administrative Region. A subsidiary of MGM Resorts International, the company develops and manages large-scale casino hotel properties that combine gaming facilities with entertainment, dining, retail and convention amenities. MGM China’s flagship properties include MGM Macau—launched in 2007 on the Macau Peninsula—and the more recent MGM Cotai, which opened in February 2018 on the Cotai Strip, offering expanded gaming floors, signature luxury accommodations and bespoke entertainment venues.

The company’s core business activities center on gaming operations, hotel management and ancillary services such as food and beverage, retail concessions, convention and exhibition space, and live performance and entertainment production.