Studio City International Holdings Limited (NYSE:MSC - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,800 shares, an increase of 75.0% from the April 30th total of 1,600 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 6,900 shares, the days-to-cover ratio is presently 0.4 days.
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 position in shares of Studio City International Holdings Limited (NYSE:MSC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,000 shares of the company's stock, valued at approximately $141,000.
Studio City International Stock Performance
Shares of MSC traded up $0.12 during midday trading on Monday, reaching $2.98. The stock had a trading volume of 851 shares, compared to its average volume of 8,179. The firm has a market cap of $627.72 million, a PE ratio of -6.48 and a beta of -0.17. The firm has a 50 day simple moving average of $3.20 and a 200-day simple moving average of $4.32. Studio City International has a one year low of $2.30 and a one year high of $9.30. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 3.19.
Studio City International (NYSE:MSC - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share 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 $161.72 million for the quarter.
About Studio City International
(
Get Free Report)
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.
Further Reading
Before you consider Studio City International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Studio City International wasn't on the list.
While Studio City International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
