Bally’s Co. (NYSE:BALY – Get Free Report) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 5,000 shares, a decline of 26.5% from the February 13th total of 6,800 shares. Based on an average trading volume of 9,900 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are short sold.
Institutional Investors Weigh In On Bally’s
Several institutional investors have recently bought and sold shares of BALY. Longfellow Investment Management Co. LLC bought a new position in shares of Bally’s during the 3rd quarter worth approximately $38,000. Point72 DIFC Ltd bought a new position in Bally’s in the third quarter valued at $48,000. BNP Paribas Financial Markets bought a new stake in Bally’s during the 4th quarter worth about $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 buying an additional 624 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Bally’s during the 4th quarter worth about $196,000. Institutional investors own 70.41% of the company’s stock.
Bally’s Stock Up 7.7 %
Shares of Bally’s stock traded up $1.31 during trading on Monday, reaching $18.18. The stock had a trading volume of 36,195 shares, compared to its average volume of 370,573. 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 capitalization of $879.67 million, a price-to-earnings ratio of -1.21 and a beta of 2.14. Bally’s has a 52 week low of $10.00 and a 52 week high of $18.98. The stock has a fifty day moving average price of $17.01 and a two-hundred day moving average price of $17.37.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on BALY
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.
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