Short Interest in Full House Resorts, Inc. (NASDAQ:FLL) Decreases By 9.4%

Full House Resorts, Inc. (NASDAQ:FLL - Get Free Report) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,250,000 shares, a drop of 9.4% from the February 29th total of 1,380,000 shares. Based on an average daily trading volume, of 97,700 shares, the days-to-cover ratio is currently 12.8 days. Approximately 3.9% of the company's shares are sold short.

Analyst Ratings Changes

Several equities analysts have recently commented on FLL shares. Macquarie lowered Full House Resorts from an "outperform" rating to a "neutral" rating and cut their price target for the company from $8.00 to $6.00 in a research note on Wednesday, January 17th. JMP Securities cut their target price on Full House Resorts from $7.00 to $6.00 and set a "market outperform" rating on the stock in a research note on Wednesday, March 6th.

Institutional Trading of Full House Resorts

Large investors have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its stake in shares of Full House Resorts by 11.9% in the 4th quarter. Morgan Stanley now owns 12,328 shares of the company's stock valued at $93,000 after purchasing an additional 1,315 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Full House Resorts by 0.3% in the 1st quarter. Gabelli Funds LLC now owns 589,500 shares of the company's stock valued at $5,665,000 after purchasing an additional 1,500 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Full House Resorts by 12.3% in the 2nd quarter. LPL Financial LLC now owns 14,428 shares of the company's stock valued at $97,000 after purchasing an additional 1,577 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Full House Resorts by 15.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,282 shares of the company's stock valued at $102,000 after purchasing an additional 2,066 shares during the last quarter. Finally, Bard Associates Inc. lifted its stake in shares of Full House Resorts by 6.2% in the 4th quarter. Bard Associates Inc. now owns 36,075 shares of the company's stock valued at $194,000 after purchasing an additional 2,100 shares during the last quarter. 37.68% of the stock is currently owned by hedge funds and other institutional investors.

Full House Resorts Price Performance

Shares of FLL traded down $0.28 during trading hours on Tuesday, hitting $5.26. 72,613 shares of the stock were exchanged, compared to its average volume of 96,921. The company has a debt-to-equity ratio of 6.01, a quick ratio of 1.05 and a current ratio of 1.08. Full House Resorts has a 12-month low of $3.40 and a 12-month high of $8.10. The company has a market cap of $181.94 million, a price-to-earnings ratio of -7.31 and a beta of 1.98. The stock's 50-day moving average price is $5.00 and its two-hundred day moving average price is $4.82.

Full House Resorts (NASDAQ:FLL - Get Free Report) last issued its earnings results on Tuesday, March 5th. The company reported ($0.36) earnings per share (EPS) for the quarter. The company had revenue of $60.03 million during the quarter. Full House Resorts had a negative net margin of 10.33% and a negative return on equity of 29.22%.

Full House Resorts Company Profile

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.