Studio City International Holdings Limited (NYSE:MSC) sees sharp drop in short-term interest

Studio City International Holdings Limited (NYSE:MSC – Get Rating) was the target of a significant drop in short-term interest in March. As of March 31, there was short interest totaling 2,800 shares, down 53.3% from the March 15 total of 6,000 shares. Based on an average trading volume of 4,000 shares, the short-term interest rate ratio is currently 0.7 days.

NYSE:MSC shares opened at $5.75 on Thursday. The company has a current ratio of 2.21, a quick ratio of 2.19 and a debt ratio of 2.21. Studio City International has a 1 year minimum of $4.39 and a 1 year maximum of $24.41. The company has a 50-day simple moving average of $5.50 and a 200-day simple moving average of $6.37. The company has a market capitalization of $636.62 million, a price-earnings ratio of -2.11 and a beta of -0.73.

Separately, Credit Suisse Group upgraded Studio City International from a “neutral” rating to an “outperforming” rating in a report on Thursday, January 20.

About Studio City International (Get an assessment)

Studio City International Holdings Limited operates a gaming, retail and entertainment complex in Cotai, Macau. The company operates the Studio City Casino with 250 consumer gaming tables; approximately 947 slot machines; and 45 VIP chip tables. Its complex offers various non-gaming facilities, including approximately 1,600 luxury hotel rooms; food and drink outlets; Ferris wheel in the shape of an 8; a Batman flying theater ride; a nightclub and karaoke; a 5,000-seat performance hall; and approximately 25,000 square meters of additional retail space.

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