Short Interest in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) Rises By 27.6%

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 244,256 shares, a growth of 27.6% from the November 30th total of 191,382 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 202,155 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 202,155 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Trading of Falcon’s Beyond Global

A number of hedge funds and other institutional investors have recently modified their holdings of FBYD. Bank of America Corp DE boosted its position in Falcon’s Beyond Global by 8,008.5% during the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after purchasing an additional 3,764 shares during the last quarter. Clear Street Group Inc. bought a new stake in shares of Falcon’s Beyond Global during the 3rd quarter worth approximately $53,000. HighTower Advisors LLC acquired a new stake in shares of Falcon’s Beyond Global in the 1st quarter valued at approximately $124,000. AllGen Financial Advisors Inc. grew its stake in shares of Falcon’s Beyond Global by 79.8% in the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock valued at $476,000 after buying an additional 19,157 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Falcon’s Beyond Global by 21.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after buying an additional 9,082 shares in the last quarter. Institutional investors and hedge funds own 38.88% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FBYD shares. Wall Street Zen raised Falcon’s Beyond Global to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Falcon’s Beyond Global Trading Down 7.9%

NASDAQ:FBYD traded down $1.28 during mid-day trading on Thursday, hitting $15.01. The company had a trading volume of 275,251 shares, compared to its average volume of 211,104. The business’s fifty day moving average is $14.62 and its two-hundred day moving average is $10.53. Falcon’s Beyond Global has a fifty-two week low of $3.62 and a fifty-two week high of $29.02. The firm has a market cap of $1.82 billion, a P/E ratio of -125.08 and a beta of -2.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.31.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its earnings results on Friday, November 14th. The company reported ($0.13) earnings per share for the quarter. Falcon’s Beyond Global had a negative return on equity of 16.17% and a net margin of 10.57%.The firm had revenue of $4.05 million during the quarter.

About Falcon’s Beyond Global

Falcon’s Beyond Global, Inc is an experiential entertainment development enterprise. It connects the world by bringing stories to life through theme parks, resorts, animation, consumer products, gaming, and movies. The company propels intellectual property activations concurrently across physical and digital experiences through three core business units. Falcon’s Creative Group is a themed entertainment and master planning firm. Falcon’s Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues.