Bally’s Co. (NYSE:BALY – Get Free Report) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 5,000 shares, a drop of 26.5% from the February 13th total of 6,800 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 9,900 shares, the days-to-cover ratio is presently 0.5 days.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. Stifel Nicolaus cut their target price on Bally’s from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Thursday, March 6th. Barclays cut their target price on Bally’s from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Bally’s has an average rating of “Hold” and an average target price of $17.13.
View Our Latest Research Report on Bally’s
Bally’s Trading Down 7.8 %
Hedge Funds Weigh In On Bally’s
Hedge funds have recently bought and sold shares of the company. Two Sigma Advisers LP acquired a new stake in shares of Bally’s during the fourth quarter worth about $250,000. Man Group plc purchased a new stake in Bally’s during the 4th quarter worth approximately $5,187,000. K2 Principal Fund L.P. acquired a new stake in Bally’s during the 4th quarter worth approximately $1,262,000. Eisler Capital Management Ltd. purchased a new position in Bally’s in the 4th quarter valued at approximately $4,699,000. Finally, Deutsche Bank AG grew its stake in shares of Bally’s by 49.1% in the fourth quarter. Deutsche Bank AG now owns 22,715 shares of the company’s stock worth $406,000 after acquiring an additional 7,485 shares in the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.
About Bally’s
Bally’s Corp. is a global casino-entertainment company with a portfolio of casinos and resorts and online gaming businesses. It operates through the following segments: Casinos & Resorts, International Interactive, and North America Interactive. The Casinos & Resorts segment consists of the company’s casino and resort properties, a horse racetrack, and a golf course.
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