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

Studio City International Holdings Limited (NYSE:MSC – Get Rating) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 3,600 shares, a decrease of 34.5% from the May 31st total of 5,500 shares. Based on an average daily volume of 75,000 shares, the days-to-cover ratio is currently 0.0 days.

Shares of MSC stock traded down $0.11 on Friday, hitting $2.04. 2,777 shares of the stock were exchanged, compared to its average volume of 43,847. The company has a current ratio of 5.40, a quick ratio of 5.37 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $225.86 million, a PE ratio of -0.84 and a beta of -0.38. Studio City International has a one year low of $1.69 and a one year high of $24.41. The firm’s 50 day moving average is $2.65 and its two-hundred day moving average is $4.56.

An institutional investor recently raised its position in Studio City International stock. Silver Point Capital L.P. boosted its position in shares of Studio City International Holdings Limited (NYSE:MSC – Get Rating) by 90.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,279,588 shares of the company’s stock after buying an additional 13,936,918 shares during the quarter. Studio City International makes up about 8.6% of Silver Point Capital L.P.’s holdings, making the stock its 5th biggest holding. Silver Point Capital L.P. owned about 26.44% of Studio City International worth $170,891,000 at the end of the most recent reporting period. 21.60% of the stock is owned by hedge funds and other institutional investors.

Source: https://www.marketbeat.com/instant-alerts/nyse-msc-options-data-report-2022-07/