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

Full House Resorts, Inc. (NASDAQ:FLL - Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 927,500 shares, a growth of 20.2% from the December 31st total of 771,500 shares. Based on an average trading volume of 162,600 shares, the short-interest ratio is currently 5.7 days. Currently, 2.8% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FLL shares. JMP Securities restated a "market outperform" rating and issued a $6.00 price target on shares of Full House Resorts in a research report on Monday, January 27th. B. Riley reduced their target price on Full House Resorts from $9.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, November 7th.

Full House Resorts Trading Down 0.4 %

Full House Resorts stock traded down $0.02 during trading hours on Wednesday, reaching $5.28. 140,938 shares of the company's stock traded hands, compared to its average volume of 195,382. The firm has a market capitalization of $187.97 million, a price-to-earnings ratio of -4.47 and a beta of 1.94. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.83 and a current ratio of 0.87. Full House Resorts has a fifty-two week low of $3.77 and a fifty-two week high of $5.94. The firm's 50 day moving average is $4.57 and its 200-day moving average is $4.87.

Insiders Place Their Bets

In related news, CFO Lewis A. Fanger sold 104,992 shares of Full House Resorts stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $4.62, for a total transaction of $485,063.04. Following the transaction, the chief financial officer now directly owns 254,658 shares of the company's stock, valued at $1,176,519.96. The trade was a 29.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathleen M. Caracciolo sold 8,900 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $4.43, for a total transaction of $39,427.00. Following the completion of the sale, the director now directly owns 40,997 shares of the company's stock, valued at $181,616.71. The trade was a 17.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 166,351 shares of company stock valued at $788,259 over the last quarter. Insiders own 12.70% of the company's stock.

Hedge Funds Weigh In On Full House Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of FLL. R Squared Ltd bought a new position in shares of Full House Resorts during the fourth quarter worth $26,000. Bfsg LLC lifted its holdings in Full House Resorts by 156.7% during the fourth quarter. Bfsg LLC now owns 11,090 shares of the company's stock worth $45,000 after acquiring an additional 6,770 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Full House Resorts in the second quarter valued at about $50,000. KG&L Capital Management LLC bought a new stake in shares of Full House Resorts in the third quarter worth about $50,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Full House Resorts during the third quarter worth about $54,000. 37.68% of the stock is owned by institutional investors.

About Full House Resorts

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.