Studio City International Holdings Limited (NYSE:MSC) Sees Significant Increase in Short Interest

Studio City International Holdings Limited (NYSE:MSC) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 3,000 shares, a growth of 172.7% from the February 28th total of 1,100 shares. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Studio City International stock. Walleye Capital LLC lifted its stake in shares of Studio City International Holdings Limited (NYSE:MSC) by 19.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,000 shares of the company’s stock after purchasing an additional 10,392 shares during the quarter. Walleye Capital LLC owned 0.06% of Studio City International worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

Studio City International Trading Down 1.5 %

NYSE:MSC opened at $3.70 on Friday. The business’s 50-day simple moving average is $3.92 and its 200-day simple moving average is $5.44. Studio City International has a fifty-two week low of $2.30 and a fifty-two week high of $9.30. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97. The stock has a market capitalization of $780.49 million, a PE ratio of -8.05 and a beta of -0.41.

Studio City International (NYSE:MSC) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.14) EPS for the quarter. Studio City International had a negative net margin of 14.46% and a negative return on equity of 12.84%. The firm had revenue of $152.86 million for the quarter.

Studio City International Company Profile

Studio City International Holdings Limited operates an entertainment resort in Macau. It operates Studio City Casino, comprising gaming tables, including tables for VIP rolling chip operations and gaming machines; and resort, which offers various non-gaming attractions, including figure-8 ferris wheel, night club and karaoke venue, live performance arena, and an outdoor and indoor water park, as well as hotel rooms and various food and beverage establishments, and retail space.