Short Interest in MGM China Holdings Limited (OTCMKTS:MCHVF) Drops By 39.7%

MGM China Holdings Limited (OTCMKTS:MCHVF) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 9,127,400 shares, a decline of 39.7% from the October 15th total of 15,132,300 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

MGM China Stock Performance

MCHVF stock opened at $1.05 on Friday. MGM China has a 52-week low of $1.05 and a 52-week high of $1.80. The company’s 50 day simple moving average is $1.29 and its 200-day simple moving average is $1.48.

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.