Studio City International Holdings Limited (NYSE:MSC) Short Interest Up 51.0% in February

Studio City International Holdings Limited (NYSE:MSC) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 7,700 shares, an increase of 51.0% from the January 31st total of 5,100 shares. Based on an average daily volume of 11,400 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Studio City International

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

Studio City International Stock Down 7.9 %

NYSE MSC traded down $0.20 during trading hours on Tuesday, hitting $2.39. The company had a trading volume of 32,647 shares, compared to its average volume of 7,957. The firm’s 50 day moving average is $4.56 and its 200 day moving average is $5.74. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.97. Studio City International has a fifty-two week low of $2.25 and a fifty-two week high of $9.30. The company has a market capitalization of $502.77 million, a price-to-earnings ratio of -5.19 and a beta of -0.40.

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

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.