Sands China Ltd. (OTCMKTS:SCHYY – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 35,949 shares, a growth of 56.6% from the August 31st total of 22,961 shares. Based on an average daily volume of 162,767 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.
Sands China Trading Up 0.7%
OTCMKTS SCHYY opened at $15.04 on Thursday. Sands China has a one year low of $14.86 and a one year high of $28.12. The company’s 50 day moving average price is $17.51 and its 200 day moving average price is $18.89. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.84 and a current ratio of 0.85.
Analyst Ratings Changes
A number of equities analysts have weighed in on SCHYY shares. Morgan Stanley downgraded shares of Sands China from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Zacks Research raised Sands China from a “strong sell” rating to a “hold” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
About Sands China
Sands China Ltd. is an integrated resort developer and operator based in Macau. The company is a subsidiary of Las Vegas Sands Corp. and focuses on providing a broad range of leisure, entertainment and business services, with gaming as one component of its resort offerings.
Its portfolio includes The Venetian Macao, The Parisian Macao, The Londoner Macao, The Plaza Macao and Four Seasons Hotel Macao, as well as Sands Macao. These properties offer casino gaming, hotel accommodations, convention and exhibition facilities, retail shopping, restaurants, entertainment venues and other tourism-related services.
Sands China has played a major role in the development of Macau’s Cotai district, where several of its large-scale integrated resorts are located.
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