Bally's Co. (NYSE:BALY – Get Rating) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,740,000 shares, a decrease of 32.8% from the November 15th total of 2,590,000 shares. Currently, 4.5% of the company's shares are short sold. Based on an average trading volume of 288,200 shares, the days-to-cover ratio is presently 6.0 days.

Insider Activity

In other Bally's news, major shareholder General L.P. Standard sold 475,000 shares of the stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $22.60, for a total value of $10,735,000.00. Following the completion of the sale, the insider now owns 10,589,849 shares of the company's stock, valued at $239,330,587.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 24.70% of the company's stock.

Institutional Trading of Bally's

Several institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG grew its stake in Bally's by 179.6% during the 3rd quarter. UBS Group AG now owns 1,644 shares of the company's stock valued at $33,000 after acquiring an additional 3,709 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in Bally's during the 3rd quarter valued at about $35,000. Point72 Hong Kong Ltd purchased a new position in Bally's during the 2nd quarter valued at about $141,000. Bluefin Capital Management LLC purchased a new position in Bally's during the 2nd quarter valued at about $215,000. Finally, Quantamental Technologies LLC bought a new stake in shares of Bally's in the 2nd quarter valued at approximately $224,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Ratings Changes

Bally's Price Performance

Shares of Bally's stock opened at $22.45 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 3.12. The company's 50-day moving average price is $22.51 and its two-hundred day moving average price is $22.70. Bally's has a 52 week low of $17.54 and a 52 week high of $39.38. The stock has a market cap of $1.22 billion, a PE ratio of -26.41 and a beta of 1.92.

Bally's (NYSE:BALY – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.27). The company had revenue of $578.25 million for the quarter, compared to analyst estimates of $582.59 million. Bally's had a positive return on equity of 0.54% and a negative net margin of 2.39%. As a group, sell-side analysts anticipate that Bally's will post 1.07 EPS for the current fiscal year.

Bally's Company Profile

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Bally's Corporation, a gaming, hospitality, and entertainment company, engages in casinos and resorts, and online gaming businesses in the United States. The company operates through three segments: Casinos & Resorts, North America Interactive, and International Interactive. It offers physical and interactive entertainment and gaming experiences, including traditional casino offerings, iCasino, online bingo games, sportsbook, daily fantasy sports, and free-to-play games.

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