Short Interest in MGM China Holdings Limited (OTCMKTS:MCHVY) Drops By 30.0%

MGM China Holdings Limited (OTCMKTS:MCHVY) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 700 shares, a decline of 30.0% from the November 15th total of 1,000 shares. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is presently 0.6 days.

MGM China Stock Performance

Shares of MCHVY remained flat at $15.06 during midday trading on Friday. 51 shares of the stock traded hands, compared to its average volume of 770. The company’s 50-day moving average is $15.79 and its 200 day moving average is $17.54. MGM China has a 1-year low of $14.40 and a 1-year high of $21.26.

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.