Short Interest in Bally’s Co. (NYSE:BALY) Expands By 27.6%

Bally’s Co. (NYSE:BALY) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 976,700 shares, an increase of 27.6% from the December 15th total of 765,200 shares. Based on an average daily volume of 332,700 shares, the short-interest ratio is presently 2.9 days. Approximately 4.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Bally’s

Several hedge funds have recently modified their holdings of BALY. Bank of New York Mellon Corp boosted its position in shares of Bally’s by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 101,707 shares of the company’s stock valued at $1,217,000 after acquiring an additional 1,064 shares during the period. Dimensional Fund Advisors LP lifted its position in Bally’s by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 333,680 shares of the company’s stock worth $3,994,000 after purchasing an additional 28,590 shares during the period. Renaissance Technologies LLC bought a new position in Bally’s in the second quarter worth $560,000. Pekin Hardy Strauss Inc. bought a new position in Bally’s in the second quarter worth $217,000. Finally, Gabelli Funds LLC lifted its position in Bally’s by 0.8% in the second quarter. Gabelli Funds LLC now owns 171,000 shares of the company’s stock worth $2,047,000 after purchasing an additional 1,376 shares during the period. 70.41% of the stock is owned by institutional investors.

Bally’s Stock Performance

Shares of BALY traded down $0.02 during mid-day trading on Friday, hitting $18.11. The company’s stock had a trading volume of 226,666 shares, compared to its average volume of 190,468. Bally’s has a one year low of $9.74 and a one year high of $18.15. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56. The firm has a market capitalization of $736.33 million, a PE ratio of -1.20 and a beta of 2.04. The stock’s 50-day moving average is $17.83 and its two-hundred day moving average is $16.95.

Bally’s Company Profile

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.