Studio City International Holdings Limited (NYSE:MSC) Sees Significant Increase in Short Interest

Studio City International Holdings Limited (NYSE:MSCGet Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 3,000 shares, a growth of 172.7% from the February 28th total of 1,100 shares. Based on an average trading volume of 13,700 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Studio City International

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. acquired a new stake in Studio City International Holdings Limited (NYSE:MSCFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $141,000.

Studio City International Trading Up 8.1 %

MSC traded up $0.29 on Thursday, reaching $3.85. 5,989 shares of the company traded hands, compared to its average volume of 8,262. The company has a market cap of $811.05 million, a P/E ratio of -8.37 and a beta of -0.41. The firm has a fifty day simple moving average of $3.95 and a two-hundred day simple moving average of $5.47. Studio City International has a one year low of $2.30 and a one year high of $9.30. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.19.

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

Studio City International Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Studio City International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Studio City International and related companies with MarketBeat.com's FREE daily email newsletter.