MGM China Holdings Limited (OTCMKTS:MCHVF) Sees Large Increase in Short Interest

MGM China Holdings Limited (OTCMKTS:MCHVF) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 10,449,300 shares, an increase of 21.0% from the February 13th total of 8,636,800 shares. Based on an average daily volume of 2,800 shares, the short-interest ratio is presently 3,731.9 days.

MGM China Price Performance

Shares of OTCMKTS MCHVF remained flat at $1.58 during midday trading on Wednesday. The stock’s 50-day moving average price is $1.16 and its two-hundred day moving average price is $1.18. MGM China has a 52 week low of $1.05 and a 52 week high of $1.80.

About MGM China

MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau.