Bally’s Co. (NYSE:BALY) Short Interest Update

Bally’s Co. (NYSE:BALY) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 976,700 shares, a growth of 27.6% from the December 15th total of 765,200 shares. Based on an average daily trading volume, of 332,700 shares, the days-to-cover ratio is presently 2.9 days. Approximately 4.1% of the company’s stock are short sold.

Bally’s Stock Down 0.1 %

NYSE BALY traded down $0.02 during trading hours on Friday, reaching $18.11. 226,666 shares of the company’s stock traded hands, compared to its average volume of 190,468. The firm has a market cap of $736.33 million, a PE ratio of -1.20 and a beta of 2.04. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54. Bally’s has a 52-week low of $9.74 and a 52-week high of $18.15. The firm has a 50-day simple moving average of $17.83 and a 200 day simple moving average of $16.95.

Institutional Trading of Bally’s

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Alpine Associates Management Inc. purchased a new position in Bally’s in the third quarter worth about $26,665,000. Alden Global Capital LLC raised its holdings in Bally’s by 63.6% in the 2nd quarter. Alden Global Capital LLC now owns 1,425,886 shares of the company’s stock worth $17,068,000 after acquiring an additional 554,263 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Bally’s in the 3rd quarter valued at approximately $7,326,000. King Street Capital Management L.P. purchased a new stake in Bally’s during the 3rd quarter valued at $6,784,000. Finally, Glazer Capital LLC bought a new stake in shares of Bally’s in the 3rd quarter worth $4,369,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Bally’s Company Profile

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.