MGM China Holdings Limited (OTCMKTS:MCHVF) Sees Significant Decrease in Short Interest

MGM China Holdings Limited (OTCMKTS:MCHVF) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 164,000 shares, a decrease of 85.4% from the May 15th total of 1,120,800 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

MGM China Price Performance

Shares of MCHVF stock opened at $1.36 on Friday. The firm has a fifty day moving average of $1.56 and a 200-day moving average of $1.32. MGM China has a 12-month low of $1.05 and a 12-month high of $1.80.

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.