Short Interest in Full House Resorts, Inc. (NASDAQ:FLL) Rises By 20.2%

Full House Resorts, Inc. (NASDAQ:FLL) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 927,500 shares, an increase of 20.2% from the December 15th total of 771,500 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average trading volume of 162,600 shares, the days-to-cover ratio is presently 5.7 days.

Full House Resorts Stock Performance

NASDAQ FLL traded up $0.08 on Friday, reaching $4.96. The stock had a trading volume of 155,996 shares, compared to its average volume of 229,465. The stock has a market cap of $176.58 million, a P/E ratio of -4.20 and a beta of 1.92. Full House Resorts has a 12-month low of $3.77 and a 12-month high of $5.94. The business’s 50-day moving average price is $4.52 and its 200 day moving average price is $4.88. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.83 and a current ratio of 0.87.

Insider Activity at Full House Resorts

In related news, Director Kathleen M. Caracciolo sold 8,900 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $4.43, for a total value of $39,427.00. Following the completion of the transaction, the director now directly owns 40,997 shares of the company’s stock, valued at $181,616.71. This represents a 17.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Lewis A. Fanger sold 37,738 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $5.05, for a total transaction of $190,576.90. Following the completion of the transaction, the chief financial officer now owns 254,658 shares in the company, valued at $1,286,022.90. This represents a 12.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,746 shares of company stock valued at $260,121 over the last 90 days. 12.70% of the stock is owned by corporate insiders.

Institutional Trading of Full House Resorts

Several institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC increased its position in Full House Resorts by 23.7% in the 4th quarter. SG Americas Securities LLC now owns 13,372 shares of the company’s stock valued at $55,000 after acquiring an additional 2,558 shares during the period. Barclays PLC increased its holdings in shares of Full House Resorts by 268.5% in the third quarter. Barclays PLC now owns 43,247 shares of the company’s stock valued at $217,000 after purchasing an additional 31,512 shares during the period. Geode Capital Management LLC raised its stake in shares of Full House Resorts by 1.6% during the third quarter. Geode Capital Management LLC now owns 738,560 shares of the company’s stock worth $3,709,000 after purchasing an additional 11,747 shares during the last quarter. State Street Corp lifted its holdings in shares of Full House Resorts by 1.7% during the third quarter. State Street Corp now owns 610,048 shares of the company’s stock worth $3,062,000 after purchasing an additional 10,168 shares during the period. Finally, KG&L Capital Management LLC purchased a new position in Full House Resorts in the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 37.68% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FLL. JMP Securities restated a “market outperform” rating and issued a $6.00 target price on shares of Full House Resorts in a report on Thursday. B. Riley decreased their price objective on shares of Full House Resorts from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

About Full House Resorts

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.