Short Interest in Full House Resorts, Inc. (NASDAQ:FLL) Declines By 10.3%

Full House Resorts, Inc. (NASDAQ:FLL) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 789,200 shares, a drop of 10.3% from the October 31st total of 879,400 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 103,200 shares, the days-to-cover ratio is currently 7.6 days.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FLL shares. B. Riley lowered their price target on Full House Resorts from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Craig Hallum upgraded Full House Resorts to a “strong-buy” rating in a report on Wednesday, September 4th. Finally, JMP Securities decreased their price target on shares of Full House Resorts from $7.00 to $6.00 and set a “market outperform” rating for the company in a report on Thursday, November 7th.

Insider Activity at Full House Resorts

In other Full House Resorts news, CEO Daniel R. Lee sold 23,890 shares of Full House Resorts stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $4.84, for a total value of $115,627.60. Following the transaction, the chief executive officer now owns 1,588,880 shares in the company, valued at approximately $7,690,179.20. The trade was a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Lewis A. Fanger sold 37,738 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.05, for a total value of $190,576.90. Following the sale, the chief financial officer now directly owns 254,658 shares of the company’s stock, valued at approximately $1,286,022.90. This represents a 12.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 141,148 shares of company stock valued at $705,545 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Gabelli Funds LLC lifted its position in shares of Full House Resorts by 0.3% in the 2nd quarter. Gabelli Funds LLC now owns 600,000 shares of the company’s stock worth $3,000,000 after acquiring an additional 2,000 shares during the period. Rhumbline Advisers lifted its position in Full House Resorts by 14.6% in the second quarter. Rhumbline Advisers now owns 59,333 shares of the company’s stock worth $297,000 after purchasing an additional 7,551 shares during the period. KG&L Capital Management LLC acquired a new stake in Full House Resorts during the third quarter worth $50,000. B. Riley Wealth Advisors Inc. acquired a new stake in Full House Resorts during the second quarter worth $50,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in Full House Resorts in the 1st quarter valued at $57,000. 37.68% of the stock is currently owned by institutional investors and hedge funds.

Full House Resorts Stock Performance

Full House Resorts stock traded down $0.09 on Tuesday, reaching $4.52. 322,940 shares of the stock were exchanged, compared to its average volume of 99,732. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 9.04. Full House Resorts has a twelve month low of $4.42 and a twelve month high of $5.98. The firm has a fifty day moving average price of $4.93 and a two-hundred day moving average price of $5.01. The stock has a market cap of $160.91 million, a PE ratio of -3.83 and a beta of 1.89.

About Full House Resorts

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.