MGM China Holdings Limited (OTCMKTS:MCHVF – Get Free Report) saw a large growth in short interest during the month of 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 trading volume of 1,000 shares, the short-interest ratio is presently 2,577.9 days.
MGM China Stock Performance
MCHVF stock opened at $1.80 on Monday. The firm’s 50-day moving average price is $1.54 and its two-hundred day moving average price is $1.34. MGM China has a 12-month low of $0.97 and a 12-month high of $1.80.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group upgraded shares of MGM China from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th.
MGM China Company Profile
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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