Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY – Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 607 shares, a drop of 39.5% from the August 31st total of 1,003 shares. Based on an average daily volume of 17,736 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Wynn Macau Stock Performance
Shares of WYNMY stock opened at $6.75 on Friday. The stock’s fifty day moving average is $7.08 and its two-hundred day moving average is $7.03. Wynn Macau has a fifty-two week low of $6.26 and a fifty-two week high of $9.46.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on WYNMY. The Goldman Sachs Group raised Wynn Macau from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. CLSA cut shares of Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.
Wynn Macau Company Profile
Wynn Macau Limited is a Macau-based hospitality and gaming company and a subsidiary of Wynn Resorts, Limited. The company develops and operates integrated resort properties that combine casino gaming with luxury accommodations, dining, retail, entertainment and meeting facilities.
Its principal properties include Wynn Macau, located on the Macau Peninsula, and Wynn Palace, located in the Cotai area. The resorts offer hotel rooms and suites, gaming areas, restaurants, lounges, retail outlets, entertainment venues and other services designed for leisure and business visitors.
Wynn Macau Limited has operated in Macau since the opening of Wynn Macau in 2006, followed by the opening of Wynn Palace in 2016.
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