Studio City International Holdings Limited (NYSE:MSC) Sees Significant Growth in Short Interest

Studio City International Holdings Limited (NYSE:MSC) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 3,000 shares, an increase of 172.7% from the February 28th total of 1,100 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 13,700 shares, the short-interest ratio is presently 0.2 days.

Studio City International Stock Performance

Shares of MSC stock opened at $3.70 on Friday. The firm has a market capitalization of $780.49 million, a price-to-earnings ratio of -8.05 and a beta of -0.41. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19. The business’s 50-day moving average price is $3.92 and its 200-day moving average price is $5.44. Studio City International has a 12 month low of $2.30 and a 12 month high of $9.30.

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

Institutional Investors Weigh In On Studio City International

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

About Studio City International

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.