Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) Short Interest Up 29.8% in August

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 23,500 shares, a growth of 29.8% from the August 15th total of 18,100 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 2.7 days.

Falcon’s Beyond Global Price Performance

FBYD stock traded down $0.12 during midday trading on Monday, hitting $8.45. 9,136 shares of the company’s stock were exchanged, compared to its average volume of 6,075. Falcon’s Beyond Global has a 1-year low of $7.02 and a 1-year high of $44.00. The business has a 50-day simple moving average of $10.50 and a two-hundred day simple moving average of $10.09.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its earnings results on Tuesday, August 13th. The company reported $0.01 EPS for the quarter. The company had revenue of $1.80 million during the quarter.

Falcon’s Beyond Global Company Profile

Falcon's Beyond Global, Inc operates as an entertainment company in the United States, Saudi Arabia, Caribbean, Hong Kong, and internationally. The company creates master plans; designs attractions and experiential entertainment; and produces content, interactives, and software, as well as engages in media and audio production, project management, experiential technologies, and attraction hardware development, procurement, and sales.