MGM China Holdings Limited (OTCMKTS:MCHVY) Short Interest Up 50.0% in July

MGM China Holdings Limited (OTCMKTS:MCHVY) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 300 shares, a growth of 50.0% from the June 30th total of 200 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 1.5 days.

MGM China Price Performance

Shares of MGM China stock traded up $0.19 during midday trading on Monday, hitting $18.12. 100 shares of the company were exchanged, compared to its average volume of 872. MGM China has a 52 week low of $14.14 and a 52 week high of $21.26. The firm has a 50 day simple moving average of $20.27 and a 200-day simple moving average of $19.42.

MGM China Increases Dividend

The business also recently announced a dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 7th were given a dividend of $0.3175 per share. The ex-dividend date of this dividend was Friday, June 7th. This is an increase from MGM China’s previous dividend of $0.14. MGM China’s dividend payout ratio (DPR) is 91.87%.

MGM China Company Profile

MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau.