SciPlay Co. (NASDAQ:SCPL – Get Rating) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 319,800 shares, an increase of 27.6% from the January 15th total of 250,600 shares. Based on an average daily trading volume, of 186,200 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.5% of the shares of the company are short sold.
SciPlay Trading Down 1.1 %
Shares of SciPlay stock traded down $0.18 during trading hours on Monday, hitting $15.99. 209,151 shares of the company were exchanged, compared to its average volume of 180,210. SciPlay has a 1 year low of $10.60 and a 1 year high of $17.49. The business has a 50-day moving average of $16.07 and a 200-day moving average of $14.07. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 22.84 and a beta of 0.40.
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Institutional Investors Weigh In On SciPlay
Several large investors have recently modified their holdings of SCPL. AXS Investments LLC acquired a new position in SciPlay during the fourth quarter worth $75,000. Lazard Asset Management LLC grew its holdings in SciPlay by 102.3% during the second quarter. Lazard Asset Management LLC now owns 6,444 shares of the company's stock worth $90,000 after acquiring an additional 3,258 shares during the period. Barclays PLC grew its holdings in SciPlay by 1,671.9% during the fourth quarter. Barclays PLC now owns 7,247 shares of the company's stock worth $117,000 after acquiring an additional 6,838 shares during the period. Thrivent Financial for Lutherans acquired a new stake in SciPlay in the third quarter valued at $172,000. Finally, Gabelli Funds LLC acquired a new stake in SciPlay in the first quarter valued at $174,000. Hedge funds and other institutional investors own 17.64% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on SCPL. Wedbush boosted their price objective on SciPlay to $20.00 in a research note on Wednesday, November 16th. Morgan Stanley boosted their price objective on SciPlay from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 18th. The Goldman Sachs Group boosted their price objective on SciPlay from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, January 19th. TheStreet upgraded SciPlay from a "c+" rating to a "b-" rating in a research note on Tuesday, November 15th. Finally, Truist Financial boosted their price objective on SciPlay from $15.00 to $17.00 and gave the company a "hold" rating in a research note on Monday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $16.39.
SciPlay Company Profile
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SciPlay Corp. engages in the development and publishing of digital games on mobile and web platforms. It offers social casino games that include Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, Quick Hit Slots, Monopoly Slots, and 88 Fortunes Slots and casual games, which include Bingo Showdown, and Solitaire Pets Adventure.
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