Bally’s Co. (NYSE:BALY) Sees Significant Increase in Short Interest

Bally’s Co. (NYSE:BALY) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 6,800 shares, a growth of 2,166.7% from the January 31st total of 300 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On Bally’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC acquired a new stake in Bally’s during the third quarter worth about $38,000. Point72 DIFC Ltd acquired a new position in Bally’s during the 3rd quarter worth $48,000. BNP Paribas Financial Markets acquired a new position in Bally’s during the 4th quarter worth $58,000. SG Americas Securities LLC lifted its position in Bally’s by 7.0% during the 4th quarter. SG Americas Securities LLC now owns 9,493 shares of the company’s stock worth $170,000 after acquiring an additional 624 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Bally’s during the 4th quarter worth $196,000. 70.41% of the stock is owned by hedge funds and other institutional investors.

Bally’s Price Performance

Shares of NYSE:BALY traded up $0.13 during trading on Thursday, hitting $15.29. 6,289 shares of the stock were exchanged, compared to its average volume of 8,396. The company has a fifty day moving average price of $17.44 and a two-hundred day moving average price of $17.45. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. The company has a market cap of $621.60 million, a PE ratio of -1.01 and a beta of 2.05. Bally’s has a 12-month low of $10.00 and a 12-month high of $23.20.

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.