Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 213,200 shares, an increase of 25.9% from the January 31st total of 169,300 shares. Based on an average daily volume of 30,800 shares, the days-to-cover ratio is presently 6.9 days. Currently, 3.7% of the shares of the company are sold short.
Institutional Trading of Falcon's Beyond Global
A hedge fund recently bought a new stake in Falcon's Beyond Global stock. Northern Trust Corp acquired a new stake in shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,084 shares of the company's stock, valued at approximately $89,000. 38.88% of the stock is currently owned by hedge funds and other institutional investors.
Falcon's Beyond Global Price Performance
Shares of NASDAQ FBYD traded up $0.32 during midday trading on Friday, reaching $8.35. 12,424 shares of the company traded hands, compared to its average volume of 33,673. The stock has a 50-day moving average price of $6.46 and a 200 day moving average price of $7.65. Falcon's Beyond Global has a 52 week low of $3.62 and a 52 week high of $13.25.
About Falcon's Beyond Global
(
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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.
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