Studio City Ih (NYSE:MSC) Short Interest Down 53.0% in July

by · The Markets Daily

Studio City Ih (NYSE:MSC – Get Free Report) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,704 shares, a decline of 53.0% from the June 30th total of 5,751 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,701 shares, the days-to-cover ratio is presently 1.0 days.

Studio City Ih Stock Performance

MSC remained flat at $1.77 during midday trading on Wednesday. The company’s stock had a trading volume of 3,985 shares, compared to its average volume of 2,289. Studio City Ih has a 1-year low of $1.58 and a 1-year high of $6.63. The stock has a market capitalization of $372.97 million, a P/E ratio of -8.05 and a beta of 0.13. The company’s 50-day moving average is $2.03 and its two-hundred day moving average is $2.59. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.21 and a current ratio of 0.23.

Studio City Ih (NYSE:MSC – Get Free Report) last released its earnings results on Tuesday, March 31st. The company reported $0.00 EPS for the quarter. Studio City Ih had a negative net margin of 5.68% and a negative return on equity of 6.90%. The company had revenue of $176.72 million for the quarter.

Studio City Ih Company Profile

(Get Free Report)

Studio City International Holdings Limited (NYSE: MSC) is a Cayman Islands–incorporated company that develops, owns and operates the Studio City integrated resort on the Cotai Strip in Macau. The business is principally engaged in gaming and non-gaming operations, including hotel accommodations, retail concessions, food and beverage outlets, live entertainment and themed attractions. Studio City is designed to cater to both mass-market and premium gaming customers while also appealing to family and leisure travelers through its entertainment and retail offerings.

The centerpiece of the company’s portfolio is the Studio City resort, which opened in October 2015 and features two landmark hotel towers, more than 1,600 guest rooms and suites, over 160,000 square feet of retail space, a range of dining concepts and convention facilities.

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