MGM Resorts International June 15th Short Interest Update

MGM Resorts International (NYSE:MGM) encountered a rise of 10.4% or 1,678,548 shares in the short positions. The number escalated from 16,207,044 on May 31,2016 to 17,885,592 on June 15,2016. The final interest is 3.8% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 8,276,954 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

MGM Resorts International (NYSE:MGM): The stock opened at $23.37 on Friday but the bulls could not build on the opening and the stock topped out at $23.82 for the day. The stock traded down to $22.80 during the day, due to lack of any buying support eventually closed down at $22.91 with a loss of -6.41% for the day. The stock had closed at $24.48 on the previous day. The total traded volume was 16,058,842 shares.

The company shares have rallied 30.32% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $25.29 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $23.26 and the 200 Day Moving Average price is recorded at $21.33.

MGM Resorts International (NYSE:MGM) has tumbled 6.91% during the past week and has dropped 0.09% in the last 4 week period. The stocks have underperformed the S&P 500 by 5.36% during the past week but MGM Resorts International (NYSE:MGM) it has outperformed the index in 4 weeks by 2.94%.

MGM Resorts International is a holding company. Through its wholly owned subsidiaries, the Company owns and operates casino resorts. The Company operates in two segments: wholly owned domestic resorts and MGM China. The wholly owned domestic resorts segment includes non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities. Its casino operations feature a variety of table games, and race and sports book wagering. It operates over 15 wholly owned resorts in the United States. The MGM China segments operations consist of the MGM Macau resort and casino (MGM Macau) and the development of a gaming resort in Cotai, Macau. It owns and operates two resorts in Mississippi, which includes Beau Rivage in Biloxi and Gold Strike Tunica. It also owns Shadow Creek, Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi.

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