Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) Sees Large Increase in Short Interest

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,941 shares, a growth of 219.8% from the September 15th total of 607 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 7,713 shares, the days-to-cover ratio is presently 0.3 days.

Wynn Macau Stock Performance

Shares of WYNMY opened at $6.25 on Tuesday. Wynn Macau has a 52-week low of $6.08 and a 52-week high of $9.01. The business has a fifty day moving average of $6.97 and a 200 day moving average of $7.00.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WYNMY shares. The Goldman Sachs Group upgraded shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. CLSA cut Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Wynn Macau Company Profile

Wynn Macau Limited is a Macau-based hospitality and gaming company and a subsidiary of Wynn Resorts, Limited. The company develops and operates integrated resort properties that combine casino gaming with luxury accommodations, dining, retail, entertainment and meeting facilities.

Its principal properties include Wynn Macau, located on the Macau Peninsula, and Wynn Palace, located in the Cotai area. The resorts offer hotel rooms and suites, gaming areas, restaurants, lounges, retail outlets, entertainment venues and other services designed for leisure and business visitors.

Wynn Macau Limited has operated in Macau since the opening of Wynn Macau in 2006, followed by the opening of Wynn Palace in 2016.