Full House Resorts, Inc. (NASDAQ:FLL) Short Interest Up 65.8% in July
Full House Resorts, Inc. (NASDAQ:FLL) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 134,600 shares, a growth of 65.8% from the June 30th total of 81,200 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 286,000 shares, the days-to-cover ratio is currently 0.5 days.
Separately, Zacks Investment Research lowered shares of Full House Resorts from a “hold” rating to a “sell” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy”.
FLL traded down $0.05 on Friday, hitting $1.39. The company had a trading volume of 48,812 shares, compared to its average volume of 128,592. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.43 and a quick ratio of 1.33. Full House Resorts has a 52-week low of $0.31 and a 52-week high of $3.99. The stock has a fifty day simple moving average of $1.47 and a 200-day simple moving average of $1.93. The firm has a market capitalization of $37.64 million, a P/E ratio of -3.97 and a beta of 1.62.
In related news, Director Bradley M. Tirpak sold 34,257 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $1.73, for a total value of $59,264.61. Following the sale, the director now directly owns 394,544 shares of the company’s stock, valued at $682,561.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradley M. Tirpak sold 12,419 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $2.02, for a total value of $25,086.38. Following the completion of the sale, the director now directly owns 544,284 shares in the company, valued at $1,099,453.68. The disclosure for this sale can be found here. Insiders sold 143,486 shares of company stock worth $275,366 over the last three months. 16.70% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new position in Full House Resorts in the 4th quarter worth approximately $105,000. Acadian Asset Management LLC grew its position in Full House Resorts by 9.8% in the 1st quarter. Acadian Asset Management LLC now owns 115,514 shares of the company’s stock worth $144,000 after purchasing an additional 10,338 shares during the period. Balyasny Asset Management LLC grew its position in Full House Resorts by 4.1% in the 1st quarter. Balyasny Asset Management LLC now owns 182,100 shares of the company’s stock worth $228,000 after purchasing an additional 7,100 shares during the period. Creative Planning grew its position in Full House Resorts by 230.7% in the 1st quarter. Creative Planning now owns 190,245 shares of the company’s stock worth $238,000 after purchasing an additional 132,714 shares during the period. Finally, Geode Capital Management LLC grew its position in Full House Resorts by 292.9% in the 4th quarter. Geode Capital Management LLC now owns 135,218 shares of the company’s stock worth $452,000 after purchasing an additional 100,805 shares during the period. Institutional investors own 42.68% of the company’s stock.
About Full House Resorts
Full House Resorts, Inc owns, develops, operates, manages, leases, and/or invests in casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 920 slot machines and 26 table games, a surface parking lot, approximately 800-space parking garage, and 129 hotel rooms; a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as oyster, casino, beachfront bars; and 37-space beachfront RV park.
Further Reading: CBOE Russell 2000® Volatility Index
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