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

Bally’s Co. (NYSE:BALY) saw 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 daily volume of 5,500 shares, the short-interest ratio is presently 1.2 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Bally’s

Several institutional investors and hedge funds have recently bought and sold shares of BALY. Alpine Associates Management Inc. purchased a new position in shares of Bally’s in the third quarter valued at about $26,665,000. Balyasny Asset Management L.P. lifted its position in shares of Bally’s by 88.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,057,332 shares of the company’s stock valued at $18,916,000 after acquiring an additional 496,933 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Bally’s in the third quarter valued at about $7,326,000. King Street Capital Management L.P. purchased a new position in shares of Bally’s in the third quarter valued at about $6,784,000. Finally, Nexpoint Asset Management L.P. lifted its position in shares of Bally’s by 88.3% in the fourth quarter. Nexpoint Asset Management L.P. now owns 808,337 shares of the company’s stock valued at $14,461,000 after acquiring an additional 378,950 shares in the last quarter. 70.41% of the stock is currently owned by hedge funds and other institutional investors.

Bally’s Price Performance

NYSE BALY opened at $15.62 on Friday. The company has a market capitalization of $635.38 million, a PE ratio of -1.04 and a beta of 2.05. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56. The business’s fifty day moving average is $17.40 and its 200 day moving average is $17.43. Bally’s has a fifty-two week low of $10.00 and a fifty-two week high of $23.20.

Bally’s Company Profile

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.