MGM China Holdings Limited (OTCMKTS:MCHVY) Sees Significant Growth in Short Interest

MGM China Holdings Limited (OTCMKTS:MCHVY) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 92 shares, an increase of 475.0% from the December 31st total of 16 shares. Based on an average trading volume of 79 shares, the short-interest ratio is currently 1.2 days. Based on an average trading volume of 79 shares, the short-interest ratio is currently 1.2 days.

MGM China Price Performance

OTCMKTS:MCHVY opened at $17.50 on Friday. The stock has a 50 day simple moving average of $21.55 and a 200 day simple moving average of $21.83. MGM China has a 1-year low of $14.17 and a 1-year high of $24.13.

About MGM China

MGM China Holdings Limited is a developer and operator of luxury integrated resorts in the Macau Special Administrative Region of China. The company’s core business encompasses casino gaming, hospitality, entertainment, retail and convention services. Through its flagship properties, MGM China offers a full spectrum of experiences, ranging from high-end gaming salons and mass-market gaming tables to fine dining venues, world-class entertainment shows and upscale retail boutiques.

MGM China’s portfolio includes two major integrated resorts: MGM Macau, located on the Macau Peninsula, and MGM Cotai, situated in the Cotai resort zone.