NeoGames S.A. (NASDAQ:NGMS) Short Interest Down 16.9% in April

NeoGames S.A. (NASDAQ:NGMS) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 59,700 shares, a drop of 16.9% from the March 31st total of 71,800 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 148,600 shares, the days-to-cover ratio is presently 0.4 days.

NeoGames Price Performance

Shares of NASDAQ:NGMS opened at $29.45 on Friday. The stock has a fifty day simple moving average of $28.90 and a two-hundred day simple moving average of $27.95. The stock has a market capitalization of $985.99 million, a price-to-earnings ratio of -54.54 and a beta of 1.14. NeoGames has a 12-month low of $12.51 and a 12-month high of $29.47. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 1.61.

NeoGames (NASDAQ:NGMS) last posted its earnings results on Wednesday, March 6th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $47.76 million during the quarter, compared to analyst estimates of $57.95 million. NeoGames had a positive return on equity of 9.15% and a negative net margin of 9.54%. On average, research analysts anticipate that NeoGames will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of NeoGames

Several large investors have recently modified their holdings of NGMS. Longfellow Investment Management Co. LLC bought a new stake in shares of NeoGames in the fourth quarter worth $52,000. Citigroup Inc. grew its holdings in NeoGames by 7.1% during the third quarter. Citigroup Inc. now owns 10,606 shares of the company’s stock valued at $286,000 after purchasing an additional 703 shares during the period. Yarra Square Partners LP bought a new stake in NeoGames during the fourth quarter valued at about $286,000. Gamco Investors INC. ET AL grew its holdings in NeoGames by 3.9% during the third quarter. Gamco Investors INC. ET AL now owns 13,511 shares of the company’s stock valued at $365,000 after purchasing an additional 511 shares during the period. Finally, Wasatch Advisors LP grew its holdings in NeoGames by 32.7% during the fourth quarter. Wasatch Advisors LP now owns 13,260 shares of the company’s stock valued at $380,000 after purchasing an additional 3,268 shares during the period. Institutional investors own 29.73% of the company’s stock.

NeoGames Company Profile

NeoGames SA provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of games through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.