Short Interest in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) Increases By 21.8%

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 903,306 shares, an increase of 21.8% from the January 15th total of 741,515 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 177,297 shares, the short-interest ratio is presently 5.1 days. Based on an average daily volume of 177,297 shares, the short-interest ratio is presently 5.1 days. Approximately 1.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FBYD. Wall Street Zen cut shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Falcon’s Beyond Global

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Falcon’s Beyond Global by 434.9% during the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after buying an additional 357,589 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Falcon’s Beyond Global by 86.2% during the fourth quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock worth $4,770,000 after buying an additional 147,056 shares in the last quarter. State Street Corp raised its position in shares of Falcon’s Beyond Global by 648.9% in the fourth quarter. State Street Corp now owns 153,824 shares of the company’s stock valued at $2,309,000 after buying an additional 133,284 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Falcon’s Beyond Global by 21.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after buying an additional 9,082 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Falcon’s Beyond Global during the fourth quarter valued at approximately $658,000. Hedge funds and other institutional investors own 38.88% of the company’s stock.

Falcon’s Beyond Global Price Performance

Falcon’s Beyond Global stock opened at $4.59 on Tuesday. The firm has a market capitalization of $555.67 million, a PE ratio of -38.25 and a beta of -1.64. Falcon’s Beyond Global has a 52 week low of $3.71 and a 52 week high of $29.02. The firm’s 50-day simple moving average is $10.38 and its 200 day simple moving average is $10.86. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its earnings results on Friday, November 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $4.05 million for the quarter. Falcon’s Beyond Global had a negative return on equity of 16.17% and a net margin of 10.57%.

Falcon’s Beyond Global Company Profile

Falcon’s Beyond Global, Inc is an experiential entertainment development enterprise. It connects the world by bringing stories to life through theme parks, resorts, animation, consumer products, gaming, and movies. The company propels intellectual property activations concurrently across physical and digital experiences through three core business units. Falcon’s Creative Group is a themed entertainment and master planning firm. Falcon’s Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues.