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

MGM China Holdings Limited (OTCMKTS:MCHVF) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 7,367,300 shares, a drop of 29.5% from the February 28th total of 10,449,300 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 73,673.0 days.

MGM China Price Performance

MCHVF remained flat at $1.58 during trading on Friday. The company’s 50 day simple moving average is $1.25 and its 200-day simple moving average is $1.20. MGM China has a fifty-two week low of $1.05 and a fifty-two 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.