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Studio City Ih (NYSE:MSC) Short Interest Up 400.0% in July

Studio City Ih logo with Consumer Discretionary background

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.
  • MarketBeat previews the top five stocks to own by October 1st.

Studio City Ih (NYSE:MSC - Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 11,000 shares, anincreaseof400.0% 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 Down 6.6%

Shares of Studio City Ih stock traded down $0.32 during trading hours on Wednesday, hitting $4.49. The company had a trading volume of 4,419 shares, compared to its average volume of 2,702. The company has a market cap of $945.08 million, a P/E ratio of -12.81 and a beta of -0.08. Studio City Ih has a twelve month low of $2.30 and a twelve month high of $9.30. The company's 50-day moving average is $3.82 and its two-hundred day moving average is $3.66. The company has a debt-to-equity ratio of 3.62, a current ratio of 0.96 and a quick ratio of 0.95.

Studio City Ih (NYSE:MSC - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $161.72 million during the quarter. Studio City Ih had a negative net margin of 10.13% and a negative return on equity of 10.36%.

Institutional Investors Weigh In On 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,000 shares of the company's stock, valued at approximately $141,000.

About Studio City Ih

(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.

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