Sands China Ltd. (OTCMKTS:SCHYY) Short Interest Up 588.7% in August

Sands China Ltd. (OTCMKTS:SCHYY) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 20,212 shares, an increase of 588.7% from the July 30th total of 2,935 shares. Based on an average daily trading volume, of 45,840 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several research analysts have commented on SCHYY shares. Morgan Stanley downgraded Sands China from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Zacks Research lowered shares of Sands China from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Sands China Price Performance

Shares of SCHYY stock remained flat at $19.00 during trading hours on Thursday. 16,327 shares of the stock traded hands, compared to its average volume of 41,153. The firm has a 50 day moving average price of $17.68 and a 200 day moving average price of $20.02. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.84 and a current ratio of 0.85. Sands China has a 12-month low of $16.39 and a 12-month high of $29.04.

Sands China Company Profile

Sands China Ltd is a Macau-based developer and operator of integrated resorts and casino properties. As a subsidiary of Las Vegas Sands Corp., the company focuses on the development, ownership and operation of large-scale destination resorts that combine gaming with hotels, retail, dining, meetings and entertainment. Its portfolio includes well-known integrated resorts on the Macau Peninsula and the Cotai Strip that are designed to serve both leisure tourists and business travelers.

The company’s core activities include casino gaming operations (table games and electronic gaming), hotel management, retail mall operations, food and beverage services, and the provision of convention and exhibition facilities.