Short Interest in Bally’s Co. (NYSE:BALY) Increases By 2,166.7%

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

Institutional Investors Weigh In On Bally’s

Large investors have recently made changes to their positions in the business. Longfellow Investment Management Co. LLC purchased a new stake in shares of Bally’s during the 3rd quarter valued at $38,000. Point72 DIFC Ltd purchased a new stake in shares of Bally’s during the 3rd quarter valued at $48,000. BNP Paribas Financial Markets purchased a new stake in shares of Bally’s during the 4th quarter valued at $58,000. SG Americas Securities LLC increased its position in shares of Bally’s by 7.0% during the 4th quarter. SG Americas Securities LLC now owns 9,493 shares of the company’s stock valued at $170,000 after purchasing an additional 624 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Bally’s during the 4th quarter valued at $196,000. 70.41% of the stock is owned by hedge funds and other institutional investors.

Bally’s Price Performance

Shares of NYSE:BALY opened at $15.79 on Friday. 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 stock’s fifty day simple moving average is $17.36 and its two-hundred day simple moving average is $17.43. Bally’s has a 1-year low of $10.00 and a 1-year high of $23.20. The stock has a market cap of $642.13 million, a PE ratio of -1.05 and a beta of 2.05.

Bally’s Company Profile

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.