NagaCorp Ltd. (OTCMKTS:NGCRF) Sees Large Increase in Short Interest

NagaCorp Ltd. (OTCMKTS:NGCRFGet Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 5,797 shares, a growth of 181.7% from the May 31st total of 2,058 shares. Based on an average daily trading volume, of 979 shares, the short-interest ratio is currently 5.9 days.

NagaCorp Price Performance

NGCRF stock remained flat at $0.46 during trading on Friday. NagaCorp has a 52-week low of $0.46 and a 52-week high of $0.80. The firm has a 50 day simple moving average of $0.50 and a 200-day simple moving average of $0.54.

NagaCorp Company Profile

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NagaCorp Ltd is a Cayman Islands–incorporated company primarily engaged in the development, ownership and operation of integrated entertainment resorts in Cambodia. Its flagship property, NagaWorld, is located in the capital city of Phnom Penh and combines hotel accommodations, gaming facilities, dining venues and live entertainment under one roof. The resort caters to both mass-market and high-end clientele, offering a range of casino tables, electronic gaming machines and exclusive VIP gaming salons.

Beyond gaming, NagaWorld features multiple restaurants, retail outlets, conference and banquet spaces, as well as a theater that hosts cultural performances and international shows.

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