Wynn Resorts Limited June 15th Short Interest Update

Wynn Resorts Limited (NASDAQ:WYNN) encountered a drop of 0.1% or -15,375 shares in the short positions. The number dropped from 10,908,068 on May 31,2016 to 10,892,693 on June 15,2016. The final interest is 13.7% of the floated stock. The days to cover figure of 5 can be arrived using the average daily exchange of 2,388,358 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Wynn Resorts Limited (NASDAQ:WYNN): The stock opened at $97.87 on Friday but the bulls could not build on the opening and the stock topped out at $99.65 for the day. The stock traded down to $91.95 during the day, due to lack of any buying support eventually closed down at $92.29 with a loss of -9.25% for the day. The stock had closed at $101.70 on the previous day. The total traded volume was 4,896,946 shares.

The company shares have dropped -1.75% from its 1 Year high price. On Jul 7, 2015, the shares registered one year high at $112.00 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $96.25 and the 200 Day Moving Average price is recorded at $82.37.

Wynn Resorts Limited (NASDAQ:WYNN) has tumbled 10.56% during the past week and has dropped 3.82% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 9.08%. Wynn Resorts Limited (NASDAQ:WYNN) has underperformed the index by 0.91% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau, Limited, which operates an integrated resort in the Macau Special Administrative Region of the Peoples Republic of China (Macau). Wynn Resorts also owns 100% of and operates an integrated resort in Las Vegas, Nevada. The company operates through two segments: Macau Operations, which includes Wynn Macau and Encore at Wynn Maca, and Las Vegas Operations, which includes Wynn Las Vegas and Encore at Wynn Las Vegas. Its Macau Operations features approximately 284,000 square feet of casino space with 498 table games and 625 slot machines, two hotel towers and others. Its Las Vegas Operations features approximately 186,000 square feet of casino space with 232 table games, 1,849 slot machines, two hotel towers and others.

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