Studio City Ih (NYSE:MSC) Short Interest Down 73.1% in May

Studio City Ih (NYSE:MSC) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 1,371 shares, a decline of 73.1% from the April 30th total of 5,106 shares. Based on an average daily trading volume, of 11,170 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Studio City Ih Price Performance

Shares of MSC stock remained flat at $2.34 during trading hours on Friday. The stock had a trading volume of 1,111 shares, compared to its average volume of 6,685. Studio City Ih has a 12-month low of $2.10 and a 12-month high of $6.63. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.21 and a current ratio of 0.23. The stock has a market cap of $493.08 million, a P/E ratio of -10.64 and a beta of 0.09. The stock’s 50-day moving average price is $2.58 and its 200-day moving average price is $3.05.

Studio City Ih (NYSE:MSC) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.00 earnings per share for the quarter. Studio City Ih had a negative return on equity of 6.90% and a negative net margin of 5.68%.The firm had revenue of $176.72 million for the quarter.

Studio City Ih Company Profile

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.