Short Interest in Studio City International Holdings Limited (NYSE:MSC) Rises By 51.0%

Studio City International Holdings Limited (NYSE:MSC) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 7,700 shares, an increase of 51.0% from the January 31st total of 5,100 shares. Based on an average daily volume of 11,400 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Studio City International

A hedge fund recently bought a new stake in Studio City International stock. Invesco Ltd. bought a new position in shares of Studio City International Holdings Limited (NYSE:MSC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the company’s stock, valued at approximately $141,000.

Studio City International Stock Performance

Shares of MSC traded down $0.20 during mid-day trading on Tuesday, hitting $2.39. 32,647 shares of the company’s stock were exchanged, compared to its average volume of 7,957. The business’s 50 day moving average is $4.56 and its two-hundred day moving average is $5.74. Studio City International has a fifty-two week low of $2.25 and a fifty-two week high of $9.30. The firm has a market capitalization of $502.77 million, a P/E ratio of -5.19 and a beta of -0.40. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19.

Studio City International (NYSE:MSC) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.14) EPS for the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%. The firm had revenue of $152.86 million during the quarter.

Studio City International Company Profile

Studio City International Holdings Limited operates an entertainment resort in Macau. It operates Studio City Casino, comprising gaming tables, including tables for VIP rolling chip operations and gaming machines; and resort, which offers various non-gaming attractions, including figure-8 ferris wheel, night club and karaoke venue, live performance arena, and an outdoor and indoor water park, as well as hotel rooms and various food and beverage establishments, and retail space.