Bally’s Co. (NYSE:BALY) Sees Significant Growth in Short Interest

Bally’s Co. (NYSE:BALY) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 6,800 shares, a growth of 2,166.7% from the January 31st total of 300 shares. Based on an average trading volume of 5,500 shares, the short-interest ratio is currently 1.2 days. Currently, 0.0% of the shares of the stock are short sold.

Bally’s Price Performance

Shares of Bally’s stock opened at $15.62 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62. The company has a market capitalization of $635.38 million, a price-to-earnings ratio of -1.04 and a beta of 2.05. Bally’s has a 52 week low of $10.00 and a 52 week high of $23.20. The stock’s 50-day simple moving average is $17.40 and its 200-day simple moving average is $17.43.

Institutional Investors Weigh In On Bally’s

Hedge funds have recently made changes to their positions in the company. Longfellow Investment Management Co. LLC purchased a new stake in shares of Bally’s in the third quarter worth about $38,000. Point72 DIFC Ltd purchased a new stake in shares of Bally’s in the third quarter worth about $48,000. BNP Paribas Financial Markets purchased a new stake in shares of Bally’s in the fourth quarter worth about $58,000. SG Americas Securities LLC lifted its position in shares of Bally’s by 7.0% in the fourth 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 purchased a new stake in shares of Bally’s in the fourth quarter worth about $196,000. 70.41% of the stock is currently owned by hedge funds and other institutional investors.

About Bally’s

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.