• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Short interest in Melco Crown shares rose in July

Jul 25, 2014 Newsdesk Latest News, Top of the deck, World  


Short interest in Melco Crown shares rose in July

Short interest in Asian casino developer Melco Crown Entertainment Ltd’s Nasdaq-listed shares rose nearly 33 percent sequentially between end-June and mid-July, according to data compiled by stockratingsnetwork.com.

As of July 15, there was short interest totalling 8,592,356 shares, a growth of 32.6 percent from the June 30 total of 6,479,450 shares.

‘Short interest’ is a term used to define the quantity of stock shares that investors have sold short but not yet covered or closed out. Short interest can be a market sentiment indicator on whether investors think a stock’s price is likely to fall.

Analysts at JPMorgan Chase & Co cut their price target on shares of Melco Crown from US$47.00 to US$46.00 in a research note on July 9.

Separately, analysts at Credit Suisse Group AG initiated coverage on shares of Melco Crown in a research note on July 1. They set an “outperform” rating and a US$44.00 price target on the Nasdaq listing of the stock.

Melco Crown had risen 0.15 percent to US$32.71 at the close of trading in New York on Thursday. The stock has posted a one-year return of +39.53 percent.


  • tweet
Related articles
  • Melco Crown shareholders nod change to name, ticker
    Melco Crown shareholders nod change to...

    Mar 29, 2017  

  • Crown downsize a positive for MPEL: analyst
    Crown downsize a positive for MPEL:...

    Mar 21, 2017  

More news
  • Four Seasons Macao shops paused on Covid cases
    Four Seasons Macao shops paused on...

    Jul 04, 2022  

  • Paradise Co 1H casino rev down 10 pct y-o-y
    Paradise Co 1H casino rev down 10 pct...

    Jul 04, 2022  


Latest News

Four Seasons Macao shops paused on Covid cases

Four Seasons Macao shops paused on Covid cases

Jul 04, 2022  

All outlets at the Shoppes at Four Seasons, a mall in one of casino operator Sands China Ltd’s Cotai properties (pictured), have been shut temporarily amid the alert over a growing number of...
Read More
Paradise Co 1H casino rev down 10 pct y-o-y

Paradise Co 1H casino rev down 10 pct y-o-y

Jul 04, 2022  

Fresh hotel, branded New World opens at Hoiana in Vietnam

Fresh hotel, branded New World opens at Hoiana in Vietnam

Jul 04, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$310 million

Macau casino gross gaming revenue tally in June



Most Popular

  • Macau due 3 new rounds of Covid tests, more than 850 casesMacau due 3 new rounds of Covid tests, more than 850… July 4, 2022
  • Macau ops all likely had negative 2Q EBITDA: JP MorganMacau ops all likely had negative 2Q EBITDA: JP Morgan July 4, 2022
  • Four Seasons Macao shops paused on Covid casesFour Seasons Macao shops paused on Covid cases July 4, 2022
  • Macau tells casinos cut on-duty staff by 90pct: reportsMacau tells casinos cut on-duty staff by 90pct: reports July 1, 2022
  • Macau monthly GGR for June worst since Sept 2020Macau monthly GGR for June worst since Sept 2020 July 1, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us