Falcon's Beyond Global, Inc. (NASDAQ:FBYD) Sees Large Growth in Short Interest

Key Points

• Falcon's Beyond Global, Inc. (NASDAQ:FBYD) experienced a significant increase in short interest, rising by 536.9% from 41,500 to 264,300 shares as of September 30th.
• The company reported $0.30 earnings per share for its most recent quarter, with a revenue of $2.55 million and a notably high net margin of 146.55%.
• Weiss Ratings currently maintains a "sell" rating for the stock, contributing to an average rating of "Sell" among analysts.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 264,300 shares, a growth of 536.9% from the September 15th total of 41,500 shares. Currently, 2.0% of the company's stock are sold short. Based on an average trading volume of 37,000 shares, the days-to-cover ratio is currently 7.1 days. Based on an average trading volume of 37,000 shares, the days-to-cover ratio is currently 7.1 days. Currently, 2.0% of the company's stock are sold short.

Falcon's Beyond Global Stock Performance

NASDAQ FBYD traded up $0.32 on Friday, hitting $10.79. The stock had a trading volume of 15,938 shares, compared to its average volume of 26,650. Falcon's Beyond Global has a one year low of $3.62 and a one year high of $16.34. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 32.66. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 27.14 and a beta of -1.49. The company's 50-day moving average is $9.66 and its two-hundred day moving average is $7.86.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $2.55 million during the quarter. Falcon's Beyond Global had a net margin of 146.55% and a negative return on equity of 82.54%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FBYD. Wealth Enhancement Advisory Services LLC boosted its holdings in Falcon's Beyond Global by 147.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock valued at $363,000 after acquiring an additional 24,816 shares during the period. AllGen Financial Advisors Inc. bought a new position in Falcon's Beyond Global during the 1st quarter valued at about $209,000. HighTower Advisors LLC bought a new position in Falcon's Beyond Global during the 1st quarter valued at about $124,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in Falcon's Beyond Global during the 1st quarter valued at about $90,000. Institutional investors and hedge funds own 38.88% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Falcon's Beyond Global in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of "Sell".

About Falcon's Beyond Global

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.