Studio City Ih (NYSE:MSC) Short Interest Up 157.6% in June

Studio City Ih (NYSE:MSC) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,903 shares, a growth of 157.6% from the May 31st total of 1,515 shares. Based on an average daily volume of 31,901 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Studio City Ih Trading Up 1.1%

Shares of Studio City Ih stock opened at $1.85 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 3.03. Studio City Ih has a 12-month low of $1.80 and a 12-month high of $6.63. The company has a market capitalization of $390.04 million, a price-to-earnings ratio of -8.41 and a beta of 0.09. The firm’s 50-day moving average price is $2.35 and its two-hundred day moving average price is $2.83.

Studio City Ih (NYSE:MSC) last issued its earnings results on Tuesday, March 31st. The company reported $0.00 EPS for the quarter. Studio City Ih had a negative net margin of 5.68% and a negative return on equity of 6.90%. The company had revenue of $176.72 million during the quarter.

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.