Studio City Ih (NYSE:MSC) Sees Significant Growth in Short Interest

Studio City Ih (NYSE:MSC) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 5,298 shares, an increase of 124.3% from the July 30th total of 2,362 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 95,667 shares, the short-interest ratio is presently 0.1 days.

Studio City Ih Price Performance

MSC opened at $1.77 on Monday. Studio City Ih has a 52-week low of $1.57 and a 52-week high of $6.63. The company has a 50 day moving average of $1.82 and a two-hundred day moving average of $2.36. The company has a market cap of $372.97 million, a P/E ratio of -6.32 and a beta of 0.14. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 3.70.

Studio City Ih (NYSE:MSC) last posted its earnings results on Thursday, August 13th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.34. The business had revenue of $164.56 million for the quarter, compared to analyst estimates of $190.12 million. Studio City Ih had a negative net margin of 7.79% and a negative return on equity of 9.26%. During the same quarter in the previous year, the business posted ($0.02) EPS.

Studio City Ih Company Profile

Studio City International Holdings Limited (NYSE: MSC) is a Cayman Islands–incorporated company that develops, owns and operates the Studio City integrated resort on the Cotai Strip in Macau. The business is principally engaged in gaming and non-gaming operations, including hotel accommodations, retail concessions, food and beverage outlets, live entertainment and themed attractions. Studio City is designed to cater to both mass-market and premium gaming customers while also appealing to family and leisure travelers through its entertainment and retail offerings.

The centerpiece of the company’s portfolio is the Studio City resort, which opened in October 2015 and features two landmark hotel towers, more than 1,600 guest rooms and suites, over 160,000 square feet of retail space, a range of dining concepts and convention facilities.