Short Interest in Hall of Fame Resort & Entertainment (NASDAQ:HOFV) Declines By 5.6%

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 421,200 shares, a decrease of 5.6% from the May 31st total of 446,400 shares. Based on an average daily trading volume, of 18,200 shares, the days-to-cover ratio is presently 23.1 days. Approximately 8.9% of the company’s stock are short sold.

Hall of Fame Resort & Entertainment Price Performance

HOFV stock traded down $0.04 during trading on Wednesday, hitting $2.77. 4,697 shares of the stock traded hands, compared to its average volume of 19,650. The stock has a market cap of $18.09 million, a price-to-earnings ratio of -0.26 and a beta of 1.92. Hall of Fame Resort & Entertainment has a 1 year low of $2.29 and a 1 year high of $12.42. The firm’s 50 day moving average is $2.96 and its two-hundred day moving average is $3.26.

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) last posted its earnings results on Monday, May 13th. The company reported ($2.30) EPS for the quarter, topping analysts’ consensus estimates of ($2.62) by $0.32. Hall of Fame Resort & Entertainment had a negative return on equity of 45.50% and a negative net margin of 256.43%. The business had revenue of $4.19 million during the quarter, compared to analyst estimates of $3.05 million. As a group, analysts anticipate that Hall of Fame Resort & Entertainment will post -9.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Hall of Fame Resort & Entertainment

A hedge fund recently bought a new stake in Hall of Fame Resort & Entertainment stock. Virtu Financial LLC purchased a new position in Hall of Fame Resort & Entertainment (NASDAQ:HOFV) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,418 shares of the company’s stock, valued at approximately $55,000. Virtu Financial LLC owned approximately 0.24% of Hall of Fame Resort & Entertainment as of its most recent SEC filing. 3.62% of the stock is currently owned by institutional investors.

Hall of Fame Resort & Entertainment Company Profile

Hall of Fame Resort & Entertainment Company, a resort and entertainment company, doing business as the Pro Football Hall of Fame. It owns the DoubleTree by Hilton located in downtown Canton, and the Hall of Fame Village, which is a multi-use sports, entertainment, and media destination. The company is headquartered in Canton, Ohio.