Short Interest in Stars Group Inc (TSG) Expands By 20.8%

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Stars Group Inc (NASDAQ:TSG) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 10,177,189 shares, an increase of 20.8% from the January 15th total of 8,425,330 shares. Based on an average trading volume of 1,878,344 shares, the days-to-cover ratio is presently 5.4 days.

Several research firms have recently weighed in on TSG. BidaskClub lowered Stars Group from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research lowered Stars Group from a “buy” rating to a “sell” rating in a research note on Thursday, November 1st. ValuEngine lowered Stars Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 6th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Stars Group in a research note on Friday, January 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Stars Group presently has an average rating of “Hold” and a consensus target price of $28.40.

NASDAQ TSG traded down $0.09 during trading on Monday, hitting $16.21. 1,713,826 shares of the company traded hands, compared to its average volume of 1,776,854. Stars Group has a 12 month low of $15.10 and a 12 month high of $38.95. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $4.43 billion, a P/E ratio of 7.21 and a beta of 1.63.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Focused Wealth Management Inc bought a new position in Stars Group during the fourth quarter valued at about $34,000. Bailard Inc. bought a new position in Stars Group during the third quarter valued at about $254,000. Intact Investment Management Inc. bought a new position in Stars Group during the third quarter valued at about $365,000. Bank of New York Mellon Corp raised its holdings in Stars Group by 32.7% during the third quarter. Bank of New York Mellon Corp now owns 12,162 shares of the company’s stock valued at $303,000 after buying an additional 3,000 shares in the last quarter. Finally, Comerica Bank raised its holdings in Stars Group by 99.4% during the third quarter. Comerica Bank now owns 15,796 shares of the company’s stock valued at $342,000 after buying an additional 7,873 shares in the last quarter. Institutional investors own 57.70% of the company’s stock.

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About Stars Group

The Stars Group Inc provides technology-based products and services to gaming and interactive entertainment industries in Canada and internationally. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, the PokerStars Players No Limit Hold'em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival, and PokerStars MEGASTACK live poker tour and event brands, The company was formerly known as Amaya, Inc and changed its name to The Stars Group Inc in August 2017.

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