Full House Resorts, Inc. (NASDAQ:FLL) Sees Significant Decline in Short Interest

Full House Resorts, Inc. (NASDAQ:FLL) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 744,840 shares, a decline of 18.9% from the December 15th total of 918,744 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average trading volume of 207,951 shares, the days-to-cover ratio is presently 3.6 days. Based on an average trading volume of 207,951 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.3% of the shares of the stock are short sold.

Full House Resorts Trading Up 2.3%

NASDAQ:FLL traded up $0.06 during trading hours on Monday, hitting $2.62. The company had a trading volume of 146,401 shares, compared to its average volume of 145,211. Full House Resorts has a 1 year low of $2.25 and a 1 year high of $5.59. The company has a market cap of $94.63 million, a P/E ratio of -2.34 and a beta of 1.31. The company has a 50-day moving average of $2.65 and a 200 day moving average of $3.23. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 33.44.

Full House Resorts (NASDAQ:FLL) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.01). The firm had revenue of $77.95 million for the quarter, compared to analyst estimates of $76.40 million. Full House Resorts had a negative return on equity of 150.12% and a negative net margin of 13.38%.

Analyst Upgrades and Downgrades

FLL has been the topic of several research reports. Citizens Jmp decreased their target price on Full House Resorts from $5.00 to $4.00 and set a “market outperform” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Full House Resorts in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Full House Resorts presently has a consensus rating of “Hold” and an average target price of $4.50.

Institutional Investors Weigh In On Full House Resorts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of Full House Resorts during the first quarter worth about $54,000. Tower Research Capital LLC TRC boosted its holdings in Full House Resorts by 570.7% in the second quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company’s stock valued at $57,000 after purchasing an additional 13,366 shares during the period. Catalyst Funds Management Pty Ltd acquired a new position in Full House Resorts during the 2nd quarter worth $58,000. Occudo Quantitative Strategies LP purchased a new stake in Full House Resorts during the 2nd quarter worth about $60,000. Finally, Empirical Finance LLC acquired a new stake in Full House Resorts in the 2nd quarter valued at about $73,000. Institutional investors and hedge funds own 37.68% of the company’s stock.

Full House Resorts Company Profile

Full House Resorts, Inc (NASDAQ: FLL) is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company’s property portfolio spans five states, including Bronco Billy’s Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow’s Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman’s Casino in Nevada.