Studio City International Holdings Limited (NYSE:MSC) Brief Interest Update

Studio City International Holdings Limited (NYSE:MSC – Get Rating) was the target of a surge in short-term interest in May. As of May 31, there was short interest totaling 5,500 shares, an increase of 34.1% from the May 15 total of 4,100 shares. Based on an average daily volume of 69,200 shares, the short interest ratio is currently 0.1 day.

An institutional investor recently increased his position in shares of Studio City International. Silver Point Capital LP increased its stake in Studio City International Holdings Limited (NYSE: MSC – Get Rating) by 90.8% during the 1st quarter, according to its latest filing with the Securities and Exchange Commission. The fund held 29,279,588 shares of the company after purchasing an additional 13,936,918 shares during the quarter. Studio City International represents 8.6% of Silver Point Capital LP’s portfolio, making it its 5th largest position. Silver Point Capital LP owned approximately 26.44% of Studio City International worth $170,891,000 when it last filed with the Securities and Exchange Commission. 21.60% of the shares are held by institutional investors and hedge funds.

MSC stock opened at $2.21 on Thursday. Studio City International has a 1 year minimum of $1.69 and a 1 year maximum of $24.41. The company has a fifty-day moving average price of $3.42 and a 200-day moving average price of $4.91. The company has a debt ratio of 2.12, a current ratio of 5.40 and a quick ratio of 5.37. The stock has a market capitalization of $244.68 million, a P/E ratio of -0.91 and a beta of -0.38.

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 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.

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