Sands China Ltd. (OTCMKTS:SCHYY) Stock Short Interest Climbs 56.6%

Sands China Ltd. (OTCMKTS:SCHYY) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 35,949 shares, a growth of 56.6% from the August 31st total of 22,961 shares. Based on an average trading volume of 162,767 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley lowered shares of Sands China from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Zacks Research raised shares of Sands China from a “strong sell” rating to a “hold” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Sands China currently has a consensus rating of “Moderate Buy”.

Sands China Stock Performance

Sands China stock traded up $0.12 during mid-day trading on Wednesday, hitting $15.05. The company’s stock had a trading volume of 35,475 shares, compared to its average volume of 60,555. The firm’s 50 day moving average is $17.54 and its 200 day moving average is $18.94. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 4.44. Sands China has a 52-week low of $14.86 and a 52-week high of $28.12.

About Sands China

Sands China Ltd. is an integrated resort developer and operator based in Macau. The company is a subsidiary of Las Vegas Sands Corp. and focuses on providing a broad range of leisure, entertainment and business services, with gaming as one component of its resort offerings.

Its portfolio includes The Venetian Macao, The Parisian Macao, The Londoner Macao, The Plaza Macao and Four Seasons Hotel Macao, as well as Sands Macao. These properties offer casino gaming, hotel accommodations, convention and exhibition facilities, retail shopping, restaurants, entertainment venues and other tourism-related services.

Sands China has played a major role in the development of Macau’s Cotai district, where several of its large-scale integrated resorts are located.