Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY) Short Interest Down 58.5% in July

Key Points

• Wynn Macau's short interest decreased by 58.5% in July, falling from 18,300 shares to 7,600 shares, making approximately 0.0% of its stock sold short.
• The company recently increased its dividend to $0.2015 per share, significantly up from $0.08, resulting in a high dividend yield of 420.0%.
• UBS Group downgraded Wynn Macau from a "hold" rating to a "strong sell" rating, reflecting concerns about the company's performance.

Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 7,600 shares, adeclineof58.5% from the July 15th total of 18,300 shares. Approximately0.0% of the company's stock are sold short. Based on an average daily volume of 11,700 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 11,700 shares, the days-to-cover ratio is currently 0.6 days. Approximately0.0% of the company's stock are sold short.

Wynn Macau Price Performance

Shares of WYNMY stock opened at $7.82 on Friday. The company's fifty day simple moving average is $7.66 and its 200-day simple moving average is $7.13. Wynn Macau has a 12 month low of $5.83 and a 12 month high of $9.80.

Wynn Macau Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were given a $0.2015 dividend. This is a boost from Wynn Macau's previous dividend of $0.08. This represents a dividend yield of 420.0%. The ex-dividend date of this dividend was Wednesday, May 28th.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered shares of Wynn Macau from a "hold" rating to a "strong sell" rating in a research report on Wednesday, April 30th.

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.

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