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

Key Points

• Wynn Macau experienced a significant increase in short interest, rising 75% from 14,000 to 24,500 shares in August, reflecting heightened bearish sentiment among investors.
• The company announced a dividend of $0.2013 per share payable on October 1, representing an impressive yield of 417.0% for investors.
• Wynn Macau's stock opened at $8.76, with a twelve-month trading range between a low of $5.83 and a high of $9.80, indicating fluctuating investor interest.

Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 24,500 shares, an increase of 75.0% from the August 15th total of 14,000 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 34,800 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 34,800 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company's shares are short sold.

Wynn Macau Price Performance

OTCMKTS:WYNMY traded up $0.53 on Friday, reaching $9.03. The stock had a trading volume of 3,982 shares, compared to its average volume of 16,145. The firm's fifty day moving average is $8.51 and its two-hundred day moving average is $7.46. Wynn Macau has a 12-month low of $5.83 and a 12-month high of $9.80.

Wynn Macau Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th will be issued a dividend of $0.2013 per share. This represents a dividend yield of 417.0%. The ex-dividend date is Thursday, September 4th.

Wynn Macau Company Profile

Wynn Macau, Limited, through its subsidiaries, engages in the development, ownership, and operation of integrated destination casino resorts in Macau. The company's Wynn Palace resort features approximately 468,000 square feet of casino space providing 24-hour gaming and various games comprising private gaming salons and sky casinos; a luxury hotel with guest rooms, suites, and villas; and food and beverage outlets.