Will Studio City International Holdings Limited America (NYSE:MSC) Run Out of Steam Soon? Short Interest is Up

The stock of Studio City International Holdings Limited America (NYSE:MSC) registered an increase of 108.7% in short interest. MSC’s total short interest was 4,800 shares in March as published by FINRA. Its up 108.7% from 2,300 shares, reported previously. With 4,500 shares average volume, it will take short sellers 1 days to cover their MSC’s short positions.

The stock increased 6.65% or $1.07 during the last trading session, reaching $17.08. About 2,127 shares traded. Studio City International Holdings Limited (NYSE:MSC) has 0.00% since March 17, 2018 and is . It has underperformed by 4.37% the S&P500.

Studio City International Holdings Limited operates a gaming, retail, and entertainment resort in Cotai, Macau. The company has market cap of $1.65 billion. The firm also operates Studio City Casino with 250 mass market gaming tables; approximately 970 gaming machines; and 45 VIP rolling chip tables. It currently has negative earnings. In addition, its resort provides various non-gaming facilities, including approximately 1,600 hotel rooms; various food and beverage establishments; retail space; figure-8 Ferris wheel; a Warner Bros.-themed family entertainment center; a 4-D Batman flight simulator; a night club; and a 5,000-seat live performance arena.

More notable recent Studio City International Holdings Limited (NYSE:MSC) news were published by: Globenewswire.com which released: “SFL – Fourth Quarter 2018 Results NYSE:SFL – GlobeNewswire” on February 26, 2019, also Seekingalpha.com with their article: “Casino sector follows MGM higher – Seeking Alpha” published on October 31, 2018, Fool.com published: “Wynn Resorts Has a Tourist Problem – Motley Fool” on December 22, 2018. More interesting news about Studio City International Holdings Limited (NYSE:MSC) were released by: Seekingalpha.com and their article: “Studio City IPO: Undervalued, But Extremely Risky – Seeking Alpha” published on October 16, 2018 as well as Seekingalpha.com‘s news article titled: “MSC Industrial Direct declares $0.63 dividend – Seeking Alpha” with publication date: October 18, 2018.

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