The Star Entertainment Group Limited (OTCMKTS:EHGRF) Sees Large Drop in Short Interest

The Star Entertainment Group Limited (OTCMKTS:EHGRF) was the target of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 2,559,100 shares, a decrease of 5.6% from the July 31st total of 2,709,800 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 6,397.8 days.

The Star Entertainment Group Price Performance

Shares of EHGRF opened at $0.38 on Wednesday. The firm’s fifty day simple moving average is $0.34 and its two-hundred day simple moving average is $0.33. The Star Entertainment Group has a 12 month low of $0.26 and a 12 month high of $0.68.

About The Star Entertainment Group

The Star Entertainment Group Limited operates and manages integrated resorts in Australia. It operates through three segments: Sydney, Gold Coast, and Brisbane. The company owns and operates The Star Sydney, The Star Gold Coast, and Treasury Brisbane casinos, which include hotels, restaurants, bars, theatres, and other entertainment facilities.