Studio City International Holdings Limited (NYSE:MSC) Short Interest Up 51.0% in February

Studio City International Holdings Limited (NYSE:MSC) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 7,700 shares, a growth of 51.0% from the January 31st total of 5,100 shares. Based on an average trading volume of 11,400 shares, the days-to-cover ratio is presently 0.7 days.

Studio City International Stock Down 7.9 %

Shares of NYSE MSC opened at $2.39 on Wednesday. Studio City International has a 52-week low of $2.30 and a 52-week high of $9.30. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.97 and a current ratio of 1.01. The business has a fifty day moving average of $4.56 and a two-hundred day moving average of $5.74. The stock has a market cap of $502.77 million, a PE ratio of -5.19 and a beta of -0.41.

Studio City International (NYSE:MSC) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $152.86 million for the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Studio City International stock. Invesco Ltd. acquired a new position in Studio City International Holdings Limited (NYSE:MSC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,000 shares of the company’s stock, valued at approximately $141,000.

About Studio City International

Studio City International Holdings Limited operates an entertainment resort in Macau. It operates Studio City Casino, comprising gaming tables, including tables for VIP rolling chip operations and gaming machines; and resort, which offers various non-gaming attractions, including figure-8 ferris wheel, night club and karaoke venue, live performance arena, and an outdoor and indoor water park, as well as hotel rooms and various food and beverage establishments, and retail space.