Short Interest in Full House Resorts, Inc. (NASDAQ:FLL) Grows By 20.2%

Full House Resorts, Inc. (NASDAQ:FLL) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 927,500 shares, an increase of 20.2% from the December 15th total of 771,500 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily trading volume, of 162,600 shares, the short-interest ratio is presently 5.7 days.

Analyst Upgrades and Downgrades

FLL has been the subject of a number of research analyst reports. B. Riley reduced their target price on shares of Full House Resorts from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. JMP Securities reaffirmed a “market outperform” rating and set a $6.00 price objective on shares of Full House Resorts in a research report on Thursday.

Insider Buying and Selling

In other Full House Resorts news, CFO Lewis A. Fanger sold 37,738 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.05, for a total transaction of $190,576.90. Following the transaction, the chief financial officer now owns 254,658 shares in the company, valued at approximately $1,286,022.90. This trade represents a 12.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen M. Caracciolo sold 8,900 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $4.43, for a total transaction of $39,427.00. Following the completion of the sale, the director now owns 40,997 shares in the company, valued at $181,616.71. This represents a 17.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,746 shares of company stock valued at $260,121 over the last ninety days. Insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On Full House Resorts

Large investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Full House Resorts during the second quarter worth $50,000. KG&L Capital Management LLC bought a new position in Full House Resorts during the third quarter worth about $50,000. SG Americas Securities LLC acquired a new stake in Full House Resorts in the 3rd quarter worth about $54,000. Aristeia Capital L.L.C. bought a new stake in Full House Resorts in the 2nd quarter valued at about $140,000. Finally, Barclays PLC grew its position in shares of Full House Resorts by 268.5% during the 3rd quarter. Barclays PLC now owns 43,247 shares of the company’s stock worth $217,000 after purchasing an additional 31,512 shares in the last quarter. 37.68% of the stock is owned by institutional investors.

Full House Resorts Stock Performance

NASDAQ:FLL traded up $0.08 during mid-day trading on Friday, hitting $4.96. The stock had a trading volume of 155,996 shares, compared to its average volume of 229,465. The company’s 50 day simple moving average is $4.52 and its 200 day simple moving average is $4.88. The stock has a market cap of $176.58 million, a price-to-earnings ratio of -4.20 and a beta of 1.92. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.83 and a current ratio of 0.87. Full House Resorts has a twelve month low of $3.77 and a twelve month high of $5.94.

Full House Resorts Company Profile

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.