Inspired Entertainment, Inc. (NASDAQ:INSE - Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 547,400 shares, an increase of 7.6% from the January 15th total of 508,800 shares. Based on an average daily trading volume, of 130,500 shares, the short-interest ratio is currently 4.2 days. Currently, 2.3% of the company's stock are short sold.
Inspired Entertainment Stock Performance
Shares of NASDAQ:INSE traded down $0.26 during trading hours on Friday, reaching $11.00. The stock had a trading volume of 265,541 shares, compared to its average volume of 142,692. Inspired Entertainment has a 1 year low of $7.51 and a 1 year high of $11.61. The firm's 50 day moving average is $9.54 and its 200-day moving average is $9.36. The stock has a market capitalization of $292.25 million, a price-to-earnings ratio of -1,098.40 and a beta of 1.40.
Institutional Investors Weigh In On Inspired Entertainment
Large investors have recently modified their holdings of the company. Wells Fargo & Company MN grew its position in shares of Inspired Entertainment by 51.0% in the 4th quarter. Wells Fargo & Company MN now owns 10,350 shares of the company's stock valued at $94,000 after buying an additional 3,494 shares during the last quarter. Oxford Asset Management LLP purchased a new position in shares of Inspired Entertainment in the 4th quarter valued at $96,000. SG Americas Securities LLC purchased a new position in shares of Inspired Entertainment in the 4th quarter valued at $97,000. GSA Capital Partners LLP purchased a new position in shares of Inspired Entertainment in the 3rd quarter valued at $106,000. Finally, Clarus Group Inc. purchased a new position in shares of Inspired Entertainment in the 3rd quarter valued at $116,000. 77.38% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, JMP Securities reaffirmed a "market outperform" rating and set a $14.00 target price on shares of Inspired Entertainment in a research note on Monday, January 27th.
View Our Latest Analysis on INSE
Inspired Entertainment Company Profile
(
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Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.
Further Reading
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