Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY) Sees Significant Decrease in Short Interest

Key Points

• Short interest in Wynn Macau fell 58.3% to 809 shares as of October 15, down from 1,941 shares at the end of September. Short interest represents approximately 0.0% of shares outstanding, with a days-to-cover ratio of 0.1.
• Analyst sentiment is strongly positive: Goldman Sachs upgraded the stock to “strong buy,” while CLSA lowered its view to “moderate buy.” The two analysts covering the stock give it an average “Strong Buy” rating.
• Wynn Macau shares opened at $5.70, at the low end of their 52-week range of $5.70 to $8.82. The stock’s 50-day and 200-day moving averages were $6.66 and $7.03, respectively.

Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 809 shares, a decrease of 58.3% from the September 30th total of 1,941 shares. Based on an average daily volume of 7,133 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WYNMY shares. The Goldman Sachs Group upgraded shares of Wynn Macau from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. CLSA cut shares of Wynn Macau from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Strong Buy".

Wynn Macau Price Performance

OTCMKTS:WYNMY opened at $5.70 on Friday. Wynn Macau has a 1 year low of $5.70 and a 1 year high of $8.82. The stock's 50 day simple moving average is $6.66 and its two-hundred day simple moving average is $7.03.

About Wynn Macau

Wynn Macau Limited is a developer and operator of integrated resort properties in Macau. The company is associated with Wynn Resorts and serves the Macau market through luxury resorts that combine casino gaming with hotels, restaurants, retail outlets, entertainment venues, spas and convention facilities.

Its principal properties include Wynn Macau on the Macau Peninsula and Wynn Palace in the Cotai area. The Wynn Macau resort also includes the Encore at Wynn Macau hotel tower. These properties offer a range of gaming options, premium accommodations, fine dining and leisure experiences aimed at both international visitors and regional travelers.

Wynn Macau Limited was established as part of Wynn Resorts' expansion into Macau after receiving a gaming concession in 2002.

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