What Next for MGM CHINA HOLDINGS LTD. ORDINARY SHARES (OTCMKTS:MCHVF) Stock After Decrease in Shorted Shares?

The stock of MGM CHINA HOLDINGS LTD. ORDINARY SHARES (OTCMKTS:MCHVF) registered a decrease of 1.33% in short interest. MCHVF’s total short interest was 18.90M shares in May as published by FINRA. Its down 1.33% from 19.15M shares, reported previously. With 400 shares average volume, it will take short sellers 47250 days to cover their MCHVF’s short positions.

It closed at $1.86 lastly. It is down 0.00% since May 14, 2018 and is . It has underperformed by 4.37% the S&P500.

MGM China Holdings Limited, an investment holding company, engages in the development and operation of casino games of chance and other casino games, and the related hotel and resort facilities in Macau. The company has market cap of $6.92 billion. It owns and operates the MGM Macau, an integrated resort located on the Macau Peninsula. It has a 31.53 P/E ratio. The casino has a floor area of approximately 30,069 square meters, with 1,060 slot machines, 427 gaming tables, and multiple VIP and private gaming areas; and hotel that comprises a 35-storey tower with 582 deluxe rooms, including 468 standard guest rooms, 99 luxury suites, and 15 private luxury villas.

More notable recent MGM China Holdings Limited (OTCMKTS:MCHVF) news were published by: Seekingalpha.com which released: “Macau revenue dazzles for December – Seeking Alpha” on January 01, 2019, also Seekingalpha.com with their article: “Macau operators eye gaming license renewals – Seeking Alpha” published on April 18, 2019, Seekingalpha.com published: “Union Gaming adjusts Macau revenue estimates – Seeking Alpha” on July 16, 2018. More interesting news about MGM China Holdings Limited (OTCMKTS:MCHVF) were released by: Seekingalpha.com and their article: “Bernstein increases November Macau GGR estimate – Seeking Alpha” published on November 26, 2018 as well as Seekingalpha.com‘s news article titled: “Fitch Ratings reels in expectations for Macau – Seeking Alpha” with publication date: September 23, 2015.

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