Bally’s Co. (NYSE:BALY – Get Free Report) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 300 shares, a drop of 100.0% from the January 15th total of 1,610,000 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On Bally’s
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alpine Associates Management Inc. purchased a new stake in Bally’s in the third quarter valued at approximately $26,665,000. Citigroup Inc. lifted its stake in Bally’s by 8.8% in the third quarter. Citigroup Inc. now owns 442,400 shares of the company’s stock valued at $7,631,000 after buying an additional 35,901 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Bally’s during the third quarter worth about $7,326,000. King Street Capital Management L.P. acquired a new stake in shares of Bally’s during the third quarter worth about $6,784,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Bally’s by 6.3% during the fourth quarter. Alliancebernstein L.P. now owns 379,812 shares of the company’s stock worth $6,795,000 after buying an additional 22,573 shares during the period. Hedge funds and other institutional investors own 70.41% of the company’s stock.
Bally’s Stock Down 1.7 %
Shares of NYSE:BALY opened at $15.75 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. Bally’s has a 12 month low of $10.00 and a 12 month high of $23.20. The company’s fifty day moving average price is $17.76 and its 200 day moving average price is $17.51.
About Bally’s
Bally’s Corp. is a global casino-entertainment company with a portfolio of casinos and resorts and online gaming businesses. It operates through the following segments: Casinos & Resorts, International Interactive, and North America Interactive. The Casinos & Resorts segment consists of the company’s casino and resort properties, a horse racetrack, and a golf course.
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