Short Interest in PlayAGS Inc (NYSE:AGS) Rises By 369.5%

by · The Cerbat Gem

PlayAGS Inc (NYSE:AGS – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 684,000 shares, a growth of 369.5% from the September 30th total of 145,700 shares. Based on an average daily volume of 230,000 shares, the days-to-cover ratio is currently 3.0 days.

PlayAGS Price Performance

PlayAGS stock traded down $0.03 during midday trading on Friday, reaching $11.58. The company’s stock had a trading volume of 423,645 shares, compared to its average volume of 362,791. The firm has a market capitalization of $456.89 million, a PE ratio of 96.50 and a beta of 2.36. PlayAGS has a fifty-two week low of $6.76 and a fifty-two week high of $11.75. The stock’s 50 day simple moving average is $11.41 and its 200 day simple moving average is $11.03. The company has a debt-to-equity ratio of 7.65, a quick ratio of 2.43 and a current ratio of 3.06.

PlayAGS (NYSE:AGS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.10). PlayAGS had a return on equity of 6.89% and a net margin of 1.25%. The firm had revenue of $96.74 million for the quarter, compared to analysts’ expectations of $94.93 million. On average, equities research analysts forecast that PlayAGS will post 0.43 earnings per share for the current year.

Analysts Set New Price Targets

Separately, B. Riley restated a “neutral” rating and set a $12.50 price objective (down previously from $16.00) on shares of PlayAGS in a research report on Monday, August 5th.

View Our Latest Research Report on PlayAGS

Hedge Funds Weigh In On PlayAGS

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in PlayAGS by 3.1% during the first quarter. BNP Paribas Financial Markets now owns 50,516 shares of the company’s stock worth $454,000 after acquiring an additional 1,497 shares during the last quarter. GSA Capital Partners LLP boosted its stake in PlayAGS by 47.5% in the 1st quarter. GSA Capital Partners LLP now owns 122,413 shares of the company’s stock worth $1,099,000 after buying an additional 39,445 shares during the last quarter. Sei Investments Co. purchased a new stake in PlayAGS in the 1st quarter valued at about $2,175,000. Vanguard Group Inc. increased its stake in shares of PlayAGS by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 2,164,855 shares of the company’s stock valued at $19,440,000 after acquiring an additional 70,799 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of PlayAGS by 1.8% during the 1st quarter. Acadian Asset Management LLC now owns 590,175 shares of the company’s stock valued at $5,299,000 after acquiring an additional 10,301 shares during the last quarter. 77.44% of the stock is owned by institutional investors and hedge funds.

About PlayAGS

(Get Free Report)

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.

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