Melco Resorts & Entertainment Limited (NASDAQ:MLCO – Get Free Report) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 9,390,000 shares, an increase of 61.6% from the February 13th total of 5,810,000 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 3,900,000 shares, the short-interest ratio is presently 2.4 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Melco Resorts & Entertainment by 140.7% in the 4th quarter. GAMMA Investing LLC now owns 7,533 shares of the company’s stock valued at $44,000 after buying an additional 4,403 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Melco Resorts & Entertainment during the 4th quarter valued at $58,000. Empirical Asset Management LLC bought a new stake in shares of Melco Resorts & Entertainment during the 4th quarter valued at $73,000. Vident Advisory LLC bought a new stake in shares of Melco Resorts & Entertainment during the 4th quarter valued at $142,000. Finally, Wealthspire Advisors LLC bought a new stake in shares of Melco Resorts & Entertainment during the 4th quarter valued at $145,000. 39.62% of the stock is owned by institutional investors and hedge funds.
Melco Resorts & Entertainment Stock Up 3.3 %
Shares of MLCO stock traded up $0.18 during trading on Friday, reaching $5.63. 2,814,970 shares of the company’s stock were exchanged, compared to its average volume of 3,379,373. The firm’s fifty day moving average price is $5.67 and its 200-day moving average price is $6.18. Melco Resorts & Entertainment has a twelve month low of $4.78 and a twelve month high of $8.90. The stock has a market capitalization of $2.36 billion, a PE ratio of -25.59, a PEG ratio of 0.63 and a beta of 1.02.
Analyst Ratings Changes
Get Our Latest Stock Report on MLCO
Melco Resorts & Entertainment Company Profile
Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities.
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