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

Bally’s Co. (NYSE:BALY) was the target 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. Currently, 4.1% of the shares of the stock are sold short. Based on an average trading volume of 332,700 shares, the short-interest ratio is currently 2.9 days.

Bally’s Price Performance

BALY stock traded down $0.02 during midday trading on Friday, reaching $18.11. The company had a trading volume of 226,666 shares, compared to its average volume of 190,468. The firm has a 50-day moving average price of $17.83 and a 200-day moving average price of $16.95. The company has a market capitalization of $736.33 million, a P/E ratio of -1.20 and a beta of 2.04. Bally’s has a 1 year low of $9.74 and a 1 year high of $18.15. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54.

Institutional Trading of Bally’s

Several hedge funds and other institutional investors have recently bought and sold shares of BALY. SG Americas Securities LLC increased its holdings in shares of Bally’s by 7.0% in the fourth quarter. SG Americas Securities LLC now owns 9,493 shares of the company’s stock worth $170,000 after buying an additional 624 shares during the period. JPMorgan Chase & Co. increased its stake in Bally’s by 120.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,001 shares of the company’s stock worth $707,000 after purchasing an additional 22,425 shares during the period. Virtu Financial LLC purchased a new position in Bally’s in the 3rd quarter worth approximately $482,000. Barclays PLC grew its holdings in shares of Bally’s by 63.7% in the third quarter. Barclays PLC now owns 37,419 shares of the company’s stock worth $645,000 after purchasing an additional 14,567 shares during the last quarter. Finally, King Street Capital Management L.P. bought a new position in shares of Bally’s in the third quarter worth approximately $6,784,000. Hedge funds and other institutional investors own 70.41% of the company’s stock.

About Bally’s

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.