Inspired Entertainment Inc (NASDAQ:INSE) saw a large decline in short interest during the month of November. As of November 29th, there was short interest totalling 163,100 shares, a decline of 8.0% from the November 14th total of 177,200 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 10,600 shares, the days-to-cover ratio is currently 15.4 days.
INSE has been the topic of several recent research reports. Zacks Investment Research cut shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. ValuEngine cut shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, October 21st.
Shares of NASDAQ INSE traded up $0.05 during trading on Friday, hitting $7.01. 3,033 shares of the company were exchanged, compared to its average volume of 10,061. Inspired Entertainment has a 12-month low of $4.55 and a 12-month high of $9.70. The company has a fifty day moving average price of $7.26 and a 200-day moving average price of $7.57. The firm has a market capitalization of $163.38 million, a PE ratio of -11.31 and a beta of 1.27.
Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.12). The firm had revenue of $26.60 million during the quarter, compared to analyst estimates of $27.67 million. On average, analysts anticipate that Inspired Entertainment will post -1.45 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of INSE. Wells Fargo & Company MN purchased a new position in shares of Inspired Entertainment during the 2nd quarter worth $132,000. Hancock Whitney Corp purchased a new position in shares of Inspired Entertainment during the 3rd quarter worth $163,000. Bank of New York Mellon Corp purchased a new position in shares of Inspired Entertainment during the 2nd quarter worth $180,000. Northern Trust Corp raised its holdings in shares of Inspired Entertainment by 44.7% during the 2nd quarter. Northern Trust Corp now owns 24,091 shares of the company’s stock worth $203,000 after acquiring an additional 7,447 shares during the period. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Inspired Entertainment during the 2nd quarter worth $211,000. Institutional investors and hedge funds own 77.07% of the company’s stock.
About Inspired Entertainment
Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.
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