MGM China Holdings Limited (OTCMKTS:MCHVF) Sees Large Growth in Short Interest

MGM China Holdings Limited (OTCMKTS:MCHVF) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 10,449,300 shares, an increase of 21.0% from the February 13th total of 8,636,800 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 3,731.9 days.

MGM China Price Performance

MGM China stock traded up $0.21 during trading hours on Tuesday, hitting $1.58. 300 shares of the stock were exchanged, compared to its average volume of 2,314. MGM China has a 12 month low of $1.05 and a 12 month high of $1.80. The business’s 50-day moving average is $1.15 and its two-hundred day moving average is $1.17.

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.