Short Interest in MGM China Holdings Limited (OTCMKTS:MCHVF) Drops By 99.0%

MGM China Holdings Limited (OTCMKTS:MCHVF) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 76,500 shares, a decrease of 99.0% from the March 15th total of 7,367,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 765.0 days.

MGM China Stock Performance

Shares of MCHVF stock remained flat at $1.58 during mid-day trading on Tuesday. The stock has a 50-day moving average price of $1.39 and a two-hundred day moving average price of $1.25. MGM China has a 1-year low of $1.05 and a 1-year 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.