Bally’s Co. (NYSE:BALY) Short Interest Update

Bally’s Co. (NYSE:BALY) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 976,700 shares, a growth of 27.6% from the December 15th total of 765,200 shares. Based on an average trading volume of 332,700 shares, the short-interest ratio is currently 2.9 days. Currently, 4.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Bally’s

Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in Bally’s during the 2nd quarter valued at approximately $560,000. King Street Capital Management L.P. purchased a new stake in shares of Bally’s during the third quarter worth approximately $6,784,000. Vestcor Inc acquired a new stake in shares of Bally’s during the third quarter worth $1,725,000. Barclays PLC grew its position in Bally’s by 63.7% in the 3rd quarter. Barclays PLC now owns 37,419 shares of the company’s stock valued at $645,000 after buying an additional 14,567 shares during the last quarter. Finally, Anson Funds Management LP acquired a new position in Bally’s in the 3rd quarter valued at $1,394,000. 70.41% of the stock is owned by institutional investors and hedge funds.

Bally’s Stock Performance

Shares of Bally’s stock traded down $0.02 on Friday, hitting $18.11. The stock had a trading volume of 226,666 shares, compared to its average volume of 190,468. The stock has a market cap of $736.33 million, a price-to-earnings ratio of -1.20 and a beta of 2.04. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. Bally’s has a 52-week low of $9.74 and a 52-week high of $18.15. The company’s 50 day moving average price is $17.83 and its 200 day moving average price is $16.95.

About Bally’s

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.