Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 173,000 shares, a decline of 18.2% from the March 31st total of 211,500 shares. Based on an average daily trading volume, of 22,800 shares, the short-interest ratio is presently 7.6 days. Currently, 2.9% of the shares of the company are sold short.
Institutional Investors Weigh In On Falcon's Beyond Global
A number of large investors have recently made changes to their positions in FBYD. Geode Capital Management LLC grew its position in Falcon's Beyond Global by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 51,084 shares of the company's stock worth $397,000 after purchasing an additional 9,499 shares in the last quarter. Northern Trust Corp bought a new stake in shares of Falcon's Beyond Global during the 4th quarter worth about $89,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Falcon's Beyond Global by 20.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock worth $135,000 after buying an additional 2,806 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in Falcon's Beyond Global in the 1st quarter worth $90,000. Finally, AllGen Financial Advisors Inc. acquired a new position in Falcon's Beyond Global during the 1st quarter worth $209,000. Institutional investors and hedge funds own 38.88% of the company's stock.
Falcon's Beyond Global Price Performance
FBYD stock traded up $0.20 on Wednesday, reaching $7.21. The company's stock had a trading volume of 12,044 shares, compared to its average volume of 15,903. Falcon's Beyond Global has a 52 week low of $3.62 and a 52 week high of $13.25. The firm has a fifty day moving average of $7.96 and a two-hundred day moving average of $7.55. The company has a market capitalization of $871.85 million, a P/E ratio of 4.77 and a beta of -2.11.
Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last posted its quarterly earnings data on Thursday, April 3rd. The company reported ($0.42) earnings per share (EPS) for the quarter. The firm had revenue of $1.36 million for the quarter.
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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