Sands China Ltd. (OTCMKTS:SCHYY) Shares Shorted: Short Interest Up 93.3% in October

Key Points

• Short interest in Sands China rose 93.3% to 109,391 shares as of October 15, up from 56,592 shares at the end of September. Short interest represented approximately 0.0% of shares outstanding, with a 0.4-day days-to-cover ratio.
• Zacks Research downgraded Sands China from “Hold” to “Strong Sell.” Despite mixed analyst views, the stock’s overall consensus rating remains “Hold.”
• Sands China shares opened at $13.60, near their one-year low of $13.25 and well below the one-year high of $28.12; the company operates integrated resorts, casinos, hotels and entertainment properties in Macau.

Sands China Ltd. (OTCMKTS:SCHYY - Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 109,391 shares, an increase of 93.3% from the September 30th total of 56,592 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 262,695 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Sands China from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Sands China Price Performance

OTCMKTS:SCHYY opened at $13.60 on Friday. The company has a debt-to-equity ratio of 4.40, a quick ratio of 0.59 and a current ratio of 0.61. Sands China has a one year low of $13.25 and a one year high of $28.12. The business has a fifty day moving average price of $15.72 and a 200-day moving average price of $19.26.

Sands China Company Profile

Sands China Ltd. is an integrated resort developer and operator based in Macau. The company is a subsidiary of Las Vegas Sands Corp. and focuses on providing gaming, hospitality, entertainment, retail, dining and convention services in the Macau market.

Its portfolio includes The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and the Plaza Macao, which includes Four Seasons Hotel Macao. These properties combine casino gaming with luxury hotels, shopping malls, restaurants, theaters, entertainment venues and meeting and exhibition facilities.

Sands China has played a significant role in the development of Macau's Cotai area as a major integrated-resort and tourism destination.

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