Wynn Macau Ltd (OTCMKTS:WYNMF) Sees Significant Drop in Short Interest

Wynn Macau Ltd (OTCMKTS:WYNMF) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 3,614,400 shares, a decline of 25.1% from the August 15th total of 4,825,900 shares. Based on an average daily trading volume, of 48,300 shares, the short-interest ratio is currently 74.8 days.

OTCMKTS WYNMF opened at $1.82 on Thursday. The company has a market cap of $9.46 billion, a P/E ratio of 14.00 and a beta of 1.66. The stock has a 50-day moving average of $1.84 and a two-hundred day moving average of $1.77. Wynn Macau has a 1-year low of $1.34 and a 1-year high of $2.67.

Several equities research analysts recently commented on WYNMF shares. Zacks Investment Research lowered shares of Wynn Macau from a “hold” rating to a “sell” rating in a report on Thursday, July 23rd. ValuEngine raised shares of Wynn Macau from a “hold” rating to a “buy” rating in a research note on Thursday, July 23rd. Citigroup cut Wynn Macau from a “buy” rating to a “neutral” rating in a report on Wednesday, July 8th. Macquarie lowered shares of Wynn Macau from a “neutral” rating to an “underperform” rating in a report on Thursday, May 21st. Finally, Goldman Sachs Group downgraded shares of Wynn Macau from a “buy” rating to a “neutral” rating in a report on Sunday, September 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold”.

About Wynn Macau

Wynn Macau, Limited develops, owns, and operates the Wynn Macau and Wynn Palace casino resorts in Macau. The company's Wynn Macau resort features approximately 273,000 square feet of casino space offering 24-hour gaming and various games, including private gaming salons, sky casinos, and a poker pit; 2 hotel towers with 1,008 rooms and suites; 8 casual and fine dining restaurants; and recreation and leisure facilities, such as 2 health clubs and spas, a salon, and a pool.

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