Short Interest in MGM China Holdings Limited (OTCMKTS:MCHVF) Declines By 77.0%

MGM China Holdings Limited (OTCMKTS:MCHVF) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 2,101,900 shares, a decline of 77.0% from the October 31st total of 9,127,400 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 21,019.0 days.

MGM China Price Performance

MGM China stock remained flat at $1.05 during mid-day trading on Wednesday. MGM China has a twelve month low of $1.05 and a twelve month high of $1.80. The company has a fifty day simple moving average of $1.28 and a two-hundred day simple moving average of $1.44.

About MGM China

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.