MGM Resorts International Short Interest Drops 14.0% in 2023.
March 21, 2023
Trending News ☀️
MGM ($NYSE:MGM) Resorts International has seen a significant drop in its short interest over the course of the year. This decrease in short interest signals that investors are more confident in the future performance of MGM Resorts International. The decrease in short interest is likely due to MGM Resorts International’s strong performance over the past year. The decrease in short interest also suggests that investors believe that MGM Resorts International’s current market position is secure. The company has a strong presence in Las Vegas and other major cities, and its portfolio of resorts and casinos is a major draw for tourists.
In addition, MGM Resorts International has invested heavily in online gaming platforms and digital media, positioning it well to take advantage of future growth opportunities. For investors looking for a long-term investment opportunity, MGM Resorts International appears to be a safe bet.
Market Price
The news has been generally well-received by the media, with many optimistic about the potential of the resort and hospitality giant. On Monday, MGM RESORTS INTERNATIONAL stock opened at $41.8 and closed at $41.7, down by 2.2% from prior closing price of 42.7. Although the immediate reaction to the news was negative, many investors remain confident in the company’s long-term stock performance. The company’s reduced short interest could be a sign of future gains on the market, as investors become more confident in the stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MGM. More…
| Total Revenues | Net Income | Net Margin |
| 13.13k | 1.44k | -3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MGM. More…
| Operations | Investing | Financing |
| 1.76k | 2.12k | -3.02k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MGM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 45.69k | 40.32k | 12.75 |
Key Ratios Snapshot
Some of the financial key ratios for MGM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.6% | -24.9% | 11.4% |
| FCF Margin | ROE | ROA |
| 7.6% | 19.4% | 2.1% |
Analysis
GoodWhale recently conducted an analysis of MGM RESORTS INTERNATIONAL’s wellbeing. Our Risk Rating determined that MGM RESORTS INTERNATIONAL is a medium risk investment when it comes to financial and business aspects. We have identified a single risk warning in their income sheet, which we urge investors to consider before investing. To learn more about this warning, register with us and we will provide you with the details. More…
Peers
MGM Resorts International is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay, The Mirage, and more. The company’s competitors include SkyCity Entertainment Group Ltd, Wyndham Hotels & Resorts Inc, and Cruzani Inc.
– SkyCity Entertainment Group Ltd ($NZSE:SKC)
SkyCity Entertainment Group Ltd is a casino and hospitality company based in New Zealand. The company has a market cap of 2B as of 2022 and a Return on Equity of 3.48%. SkyCity operates four casinos in New Zealand, two in Australia, and one in Chile. The company also has a number of hotels, restaurants, and bars.
– Wyndham Hotels & Resorts Inc ($NYSE:WH)
Wyndham Hotels & Resorts, Inc. is one of the largest hotel companies in the world, with over 9,000 hotels across more than 80 countries. The company offers a variety of hotel brands, including Wyndham, Ramada, Days Inn, Super 8, and Howard Johnson. Wyndham Hotels & Resorts is headquartered in Parsippany, New Jersey. The company’s market cap is 6.2B as of 2022 and its ROE is 30.65%.
Summary
MGM Resorts International has seen a 14.0% drop in short interest in 2023. The majority of the media coverage surrounding the company has been largely positive. Investments in MGM Resorts International may prove to be a good option for those who are interested in capitalizing on the potential upside of the company’s stock. Analysts point to the company’s robust portfolio of properties and growing online presence as key drivers of potential growth.
Additionally, MGM’s global reach, with properties in many popular tourist destinations, makes it an attractive option for investors looking for a diversified portfolio. While there are risks associated with investing in MGM Resorts International, the potential upside could be significant.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
