Short-term stake in Studio City International Holdings Limited (NYSE:MSC) increases 94.4%

Studio City International Holdings Limited (NYSE:MSC – Get Rating) saw significant growth in short-term interest in June. As of June 30, there were short interests totaling 7,000 shares, a growth of 94.4% from the total of 3,600 shares as of June 15. Based on an average daily volume of 77,100 shares, the day-to-cover ratio is currently 0.1 day.

Studio City International trades up 1.0%

NYSE MSC opened at $2.04 on Friday. The stock’s 50-day simple moving average is $2.28 and its 200-day simple moving average is $4.31. Studio City International has a 1 year minimum of $1.69 and a 1 year maximum of $24.41. The company has a debt ratio of 2.12, a quick ratio of 5.37 and a current ratio of 5.40.

Studio City International (NYSE:MSC – Get Rating) last reported quarterly earnings data on Thursday, May 5. The company reported EPS ($0.52) for the quarter. Studio City International had a negative return on equity of 23.78% and a negative net margin of 286.51%. The company had revenue of $11.99 million for the quarter.

Hedge funds weigh on Studio City International

A d Invest daily

27 US cities where stocks earn 26% a year

What is the most productive stock you have ever owned? Dividends from these stocks have grown so rapidly over the years that they now earn us an average of 26%! When you start getting paid 26% on your money, your financial troubles tend to evaporate.

A hedge fund recently increased its stake in shares of Studio City International. Silver Point Capital LP increased its holdings of shares of Studio City International Holdings Limited (NYSE:MSC – Get Rating) by 90.8% in Q1, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund held 29,279,588 shares of the company after acquiring an additional 13,936,918 shares during the quarter. Studio City International comprises 8.6% of the holdings of Silver Point Capital LP, making it its 5th largest holding. Silver Point Capital LP owned approximately 26.44% of Studio City International worth $170,891,000 when it last filed with the SEC. 21.60% of the shares are held by hedge funds and other institutional investors.

About Studio City International

(Get a rating)

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 nightclub and karaoke; a 5,000-seat performance hall; and approximately 27,000 square meters of additional retail space.

See also

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Studio City International right now?

Before you consider Studio City International, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Studio City International was not on the list.

While Studio City International currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

About James K. Bonnette

Check Also

First Streisand Nightclub recording remastered for release

NEW YORK (AP) — A series of Barbra Streisand’s 1962 performances in a Manhattan nightclub …