Bally’s Co. (NYSE:BALY – Get Free Report) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 300 shares, a decline of 100.0% from the January 15th total of 1,610,000 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is presently 0.1 days.
Bally’s Price Performance
Shares of NYSE BALY opened at $15.75 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. The business’s fifty day simple moving average is $17.76 and its 200-day simple moving average is $17.51. Bally’s has a 12-month low of $10.00 and a 12-month high of $23.20.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in BALY. Longfellow Investment Management Co. LLC acquired a new position in Bally’s during the 3rd quarter worth approximately $38,000. Point72 DIFC Ltd acquired a new position in Bally’s during the 3rd quarter worth approximately $48,000. SG Americas Securities LLC purchased a new position in shares of Bally’s in the 3rd quarter valued at about $153,000. Intech Investment Management LLC purchased a new position in shares of Bally’s in the 4th quarter valued at about $196,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Bally’s by 6.5% in the 4th quarter. Wells Fargo & Company MN now owns 14,055 shares of the company’s stock valued at $251,000 after acquiring an additional 860 shares during the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.
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.
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