Short Interest in Full House Resorts, Inc. (NASDAQ:FLL) Increases By 20.2%

Full House Resorts, Inc. (NASDAQ:FLL) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 927,500 shares, a growth of 20.2% from the December 15th total of 771,500 shares. Based on an average daily volume of 162,600 shares, the short-interest ratio is presently 5.7 days. Approximately 2.8% of the shares of the stock are sold short.

Full House Resorts Stock Performance

NASDAQ:FLL traded up $0.08 during trading hours on Friday, reaching $4.96. 155,996 shares of the stock were exchanged, compared to its average volume of 229,465. The stock has a market capitalization of $176.58 million, a P/E ratio of -4.20 and a beta of 1.92. The firm has a 50 day simple moving average of $4.52 and a 200-day simple moving average of $4.88. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 9.04. Full House Resorts has a 52 week low of $3.77 and a 52 week high of $5.94.

Insider Buying and Selling

In other Full House Resorts news, CFO Lewis A. Fanger sold 37,738 shares of Full House Resorts stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $5.05, for a total value of $190,576.90. Following the completion of the sale, the chief financial officer now directly owns 254,658 shares of the company’s stock, valued at approximately $1,286,022.90. The trade was a 12.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen M. Caracciolo sold 8,900 shares of Full House Resorts stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $4.43, for a total value of $39,427.00. Following the completion of the sale, the director now directly owns 40,997 shares of the company’s stock, valued at approximately $181,616.71. This represents a 17.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,746 shares of company stock worth $260,121 in the last ninety days. Insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On Full House Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of FLL. Geode Capital Management LLC boosted its stake in Full House Resorts by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 738,560 shares of the company’s stock valued at $3,709,000 after purchasing an additional 11,747 shares during the period. State Street Corp raised its holdings in shares of Full House Resorts by 1.7% during the third quarter. State Street Corp now owns 610,048 shares of the company’s stock valued at $3,062,000 after buying an additional 10,168 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of Full House Resorts by 0.3% during the second quarter. Gabelli Funds LLC now owns 600,000 shares of the company’s stock worth $3,000,000 after buying an additional 2,000 shares during the period. Private Management Group Inc. bought a new position in Full House Resorts in the 3rd quarter worth approximately $2,957,000. Finally, Dimensional Fund Advisors LP increased its position in Full House Resorts by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 230,017 shares of the company’s stock valued at $1,150,000 after acquiring an additional 19,802 shares during the period. 37.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $6.00 target price on shares of Full House Resorts in a report on Thursday. B. Riley reduced their target price on shares of Full House Resorts from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, November 7th.

About Full House Resorts

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.