Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) Short Interest Up 21.8% in January

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 903,306 shares, a growth of 21.8% from the January 15th total of 741,515 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 177,297 shares, the short-interest ratio is currently 5.1 days. Based on an average daily volume of 177,297 shares, the short-interest ratio is currently 5.1 days. Approximately 1.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Falcon’s Beyond Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FBYD. Vanguard Group Inc. boosted its stake in Falcon’s Beyond Global by 434.9% during the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after buying an additional 357,589 shares during the period. Geode Capital Management LLC increased its position in shares of Falcon’s Beyond Global by 86.2% during the fourth quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock worth $4,770,000 after acquiring an additional 147,056 shares during the period. State Street Corp lifted its position in shares of Falcon’s Beyond Global by 648.9% during the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock worth $2,309,000 after purchasing an additional 133,284 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at about $658,000. Finally, Barclays PLC purchased a new position in shares of Falcon’s Beyond Global in the 4th quarter valued at $343,000. Hedge funds and other institutional investors own 38.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Falcon’s Beyond Global presently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Up 17.7%

Shares of FBYD opened at $4.59 on Tuesday. The firm has a market cap of $555.67 million, a P/E ratio of -38.25 and a beta of -1.64. The stock’s 50 day moving average is $10.38 and its two-hundred day moving average is $10.86. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. Falcon’s Beyond Global has a 12 month low of $3.71 and a 12 month high of $29.02.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.13) earnings per share for the quarter. Falcon’s Beyond Global had a net margin of 10.57% and a negative return on equity of 16.17%. The firm had revenue of $4.05 million during the quarter.

About Falcon’s Beyond Global

Falcon’s Beyond Global, Inc is an experiential entertainment development enterprise. It connects the world by bringing stories to life through theme parks, resorts, animation, consumer products, gaming, and movies. The company propels intellectual property activations concurrently across physical and digital experiences through three core business units. Falcon’s Creative Group is a themed entertainment and master planning firm. Falcon’s Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues.