Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 173,000 shares, a decrease of 18.2% from the March 31st total of 211,500 shares. Based on an average daily volume of 22,800 shares, the days-to-cover ratio is currently 7.6 days. Approximately 2.9% of the company's stock are short sold.
Institutional Investors Weigh In On Falcon's Beyond Global
Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake 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 valued at $397,000 after acquiring an additional 9,499 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Falcon's Beyond Global by 147.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock worth $363,000 after purchasing an additional 24,816 shares during the last quarter. Finally, Northern Trust Corp bought a new stake in Falcon's Beyond Global in the 4th quarter worth approximately $89,000. 38.88% of the stock is currently owned by institutional investors.
Falcon's Beyond Global Stock Up 15.6 %
Falcon's Beyond Global stock traded up $0.91 during trading hours on Friday, hitting $6.74. The stock had a trading volume of 8,681 shares, compared to its average volume of 15,814. The stock's 50-day moving average price is $7.98 and its 200-day moving average price is $7.56. The stock has a market capitalization of $815.01 million, a P/E ratio of 4.46 and a beta of -2.11. Falcon's Beyond Global has a 12-month low of $3.62 and a 12-month high of $13.25.
Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The company reported ($0.42) earnings per share for the quarter. The company had revenue of $1.36 million for the quarter.
Falcon's Beyond Global Company Profile
(
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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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