Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) Sees Significant Growth in Short Interest

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 213,200 shares, a growth of 25.9% from the January 31st total of 169,300 shares. Currently, 3.7% of the shares of the stock are short sold. Based on an average daily volume of 30,800 shares, the days-to-cover ratio is currently 6.9 days.

Institutional Trading of Falcon’s Beyond Global

A hedge fund recently bought a new stake in Falcon’s Beyond Global stock. Northern Trust Corp acquired a new position in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,084 shares of the company’s stock, valued at approximately $89,000. Institutional investors own 38.88% of the company’s stock.

Falcon’s Beyond Global Stock Performance

Shares of FBYD opened at $8.03 on Friday. The company’s fifty day moving average is $6.47 and its 200 day moving average is $7.66. Falcon’s Beyond Global has a fifty-two week low of $3.62 and a fifty-two week high of $13.25.

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.