Studio City Ih (NYSE:MSC) Sees Large Increase in Short Interest

Key Points

• Studio City Ih (NYSE:MSC) experienced a significant increase in short interest, rising 400% to 11,000 shares as of July 15th from 2,200 shares at the end of June.
• The company reported a negative net margin of 10.13% and a negative return on equity of 10.11%, with quarterly revenue of $161.72 million.
• The stock price increased 7.6%, opening at $4.93, while it has fluctuated between a one-year low of $2.30 and a high of $9.30.

Studio City Ih (NYSE:MSC - Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 11,000 shares, agrowthof400.0% from the June 30th total of 2,200 shares. Based on an average trading volume of 6,000 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 6,000 shares, the short-interest ratio is currently 1.8 days.

Studio City Ih Stock Up 7.6%

MSC stock opened at $4.93 on Friday. Studio City Ih has a one year low of $2.30 and a one year high of $9.30. The stock has a market capitalization of $1.04 billion, a PE ratio of -14.09 and a beta of -0.08. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.95 and a current ratio of 1.01. The company has a fifty day moving average of $3.75 and a 200-day moving average of $3.66.

Studio City Ih (NYSE:MSC - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) EPS for the quarter. Studio City Ih had a negative net margin of 10.13% and a negative return on equity of 10.11%. The company had revenue of $161.72 million during the quarter.

Institutional Trading of Studio City Ih

A hedge fund recently bought a new stake in Studio City Ih stock. Invesco Ltd. bought a new stake in shares of Studio City Ih (NYSE:MSC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 25,000 shares of the company's stock, valued at approximately $141,000.

About Studio City Ih

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.

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