MGM China Holdings Limited (OTCMKTS:MCHVY – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 33 shares, a decrease of 72.5% from the August 31st total of 120 shares. Based on an average trading volume of 39 shares, the days-to-cover ratio is presently 0.8 days.
MGM China Stock Performance
OTCMKTS MCHVY opened at $15.09 on Friday. The stock has a 50-day simple moving average of $14.00 and a two-hundred day simple moving average of $15.69. MGM China has a fifty-two week low of $13.47 and a fifty-two week high of $23.55.
About MGM China
MGM China Holdings Limited is a Macau-based integrated resort operator and a subsidiary of MGM Resorts International. The company develops and operates casino resorts offering gaming, hotel accommodations, dining, entertainment, retail, and meeting and convention facilities.
MGM China operates MGM Macau, which opened in 2007 on the Macau Peninsula, and MGM Cotai, which opened in 2018 in the Cotai area. Its resorts serve visitors from mainland China, Hong Kong, Taiwan, and international markets, with offerings designed for both leisure and business travelers.
The company operates under Macau’s gaming concession framework and has expanded its non-gaming amenities alongside its casino business.
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