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

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 134,900 shares, a decrease of 15.5% from the April 30th total of 159,700 shares. Approximately 2.3% of the company's stock are short sold. Based on an average daily trading volume, of 11,800 shares, the short-interest ratio is presently 11.4 days.

Institutional Trading of Falcon's Beyond Global

A number of large investors have recently made changes to their positions in FBYD. Geode Capital Management LLC increased its position in Falcon's Beyond Global by 22.8% during the fourth quarter. Geode Capital Management LLC now owns 51,084 shares of the company's stock worth $397,000 after buying an additional 9,499 shares during the period. Northern Trust Corp acquired a new stake in shares of Falcon's Beyond Global in the fourth quarter valued at approximately $89,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Falcon's Beyond Global by 20.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock worth $135,000 after acquiring an additional 2,806 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Falcon's Beyond Global in the 1st quarter valued at $90,000. Finally, AllGen Financial Advisors Inc. acquired a new position in shares of Falcon's Beyond Global in the 1st quarter valued at $209,000. 38.88% of the stock is owned by institutional investors and hedge funds.

Falcon's Beyond Global Stock Down 2.0%

Falcon's Beyond Global stock traded down $0.14 during midday trading on Thursday, reaching $6.72. The company's stock had a trading volume of 1,952 shares, compared to its average volume of 20,744. The business has a 50-day simple moving average of $7.44 and a 200-day simple moving average of $7.42. Falcon's Beyond Global has a fifty-two week low of $3.62 and a fifty-two week high of $13.25. The company has a market cap of $812.60 million, a P/E ratio of 67.20 and a beta of -2.11.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.13) earnings per share (EPS) for the quarter.

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.