Sands China Ltd. (OTCMKTS:SCHYY) Short Interest Up 594.8% in March

Key Points

• Short interest surged by 594.8% in March to 37,847 shares (from 5,447 on March 15), with a days-to-cover of 0.4 and approximately 0.0% of shares reported shorted.
• Shares traded at $21.91 (down $0.19) and sit within a 52-week range of $16.15–$29.04, while the company shows tight liquidity and high leverage with a quick ratio of 0.84, current ratio of 0.85 and a debt-to-equity of 4.44.
• HSBC upgraded Sands China to a Buy on Jan. 15, but MarketBeat's aggregated rating remains a Hold (1 Strong Buy, 1 Hold, 1 Sell).

Sands China Ltd. (OTCMKTS:SCHYY - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 37,847 shares, an increase of 594.8% from the March 15th total of 5,447 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 92,214 shares, the days-to-cover ratio is presently 0.4 days.

Sands China Price Performance

SCHYY traded down $0.19 on Friday, reaching $21.91. The company had a trading volume of 11,333 shares, compared to its average volume of 46,993. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 4.44. Sands China has a fifty-two week low of $16.15 and a fifty-two week high of $29.04. The company's fifty day moving average is $22.36 and its 200 day moving average is $24.61.

Analyst Ratings Changes

Separately, HSBC upgraded shares of Sands China to a "buy" rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold".

Sands China Company Profile

Sands China Ltd is a Macau-based developer and operator of integrated resorts and casino properties. As a subsidiary of Las Vegas Sands Corp., the company focuses on the development, ownership and operation of large-scale destination resorts that combine gaming with hotels, retail, dining, meetings and entertainment. Its portfolio includes well-known integrated resorts on the Macau Peninsula and the Cotai Strip that are designed to serve both leisure tourists and business travelers.

The company's core activities include casino gaming operations (table games and electronic gaming), hotel management, retail mall operations, food and beverage services, and the provision of convention and exhibition facilities.

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