Wynn Resorts Limited (WYNN): Price Target and June Short Interest Disclosure

Wynn Resorts Limited (WYNN) : The consensus price target for Wynn Resorts Limited (WYNN) is $97.64 for the short term with a standard deviation of $14.67. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $119, however, the pessimist price target for the company is $65.

The short interest in Wynn Resorts Limited (WYNN) has declined from 10,892,693 on June 15,2016 to 9,051,517 on June 30,2016. The change was measured at 1,841,176 shares or 16.9%. The leftover shorts were 11.4% of the floated shares. The days to cover are 3, given the average daily volume of 2,887,979 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the CLSA downgrades the rating on Wynn Resorts Limited (NASDAQ:WYNN). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency raises the price target from $88 per share to $97 per share. The rating by the firm was issued on April 29, 2016.


Wynn Resorts Limited (NASDAQ:WYNN): On Thursdays trading session , Opening price of the stock was $93.78 with an intraday high of $94.75. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $90.78. However, the stock managed to close at $92.02, a loss of 3.01% for the day. On the previous day, the stock had closed at $94.88. The total traded volume of the day was 3,453,331 shares.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau, Limited, which operates an integrated resort in the Macau Special Administrative Region of the Peoples Republic of China (Macau). Wynn Resorts also owns 100% of and operates an integrated resort in Las Vegas, Nevada. The company operates through two segments: Macau Operations, which includes Wynn Macau and Encore at Wynn Maca, and Las Vegas Operations, which includes Wynn Las Vegas and Encore at Wynn Las Vegas. Its Macau Operations features approximately 284,000 square feet of casino space with 498 table games and 625 slot machines, two hotel towers and others. Its Las Vegas Operations features approximately 186,000 square feet of casino space with 232 table games, 1,849 slot machines, two hotel towers and others.

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