MGM China Holdings Limited (OTCMKTS:MCHVY) Sees Large Growth in Short Interest

MGM China Holdings Limited (OTCMKTS:MCHVY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 2,000 shares, an increase of 300.0% from the September 30th total of 500 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 2.5 days.

MGM China Trading Up 3.1 %

Shares of OTCMKTS MCHVY traded up $0.49 during mid-day trading on Friday, reaching $16.11. The company had a trading volume of 219 shares, compared to its average volume of 780. MGM China has a 52 week low of $14.45 and a 52 week high of $21.26. The business’s 50-day moving average is $16.57 and its 200-day moving average is $18.91.

MGM China Increases Dividend

The business also recently announced a dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 13th were paid a $0.4733 dividend. This is an increase from MGM China’s previous dividend of $0.32. The ex-dividend date of this dividend was Friday, September 13th. MGM China’s dividend payout ratio is currently 91.87%.

About MGM China

MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau.