PlayAGS Inc (NYSE:AGS) Short Interest Down 6.6% in April

PlayAGS Inc (NYSE:AGS - Get Free Report) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 350,800 shares, a decline of 6.6% from the April 15th total of 375,700 shares. Based on an average daily trading volume, of 278,400 shares, the days-to-cover ratio is currently 1.3 days.

PlayAGS Stock Down 0.1 %

Shares of PlayAGS stock traded down $0.01 on Friday, hitting $11.55. 381,493 shares of the company's stock traded hands, compared to its average volume of 447,106. PlayAGS has a 52-week low of $5.10 and a 52-week high of $11.65. The company has a quick ratio of 2.60, a current ratio of 3.38 and a debt-to-equity ratio of 7.30. The stock has a market cap of $455.76 million, a P/E ratio of 1,156.16 and a beta of 2.38. The firm's 50-day moving average is $9.20 and its 200 day moving average is $8.55.

Institutional Investors Weigh In On PlayAGS

Several hedge funds and other institutional investors have recently modified their holdings of AGS. Kennedy Capital Management LLC lifted its position in shares of PlayAGS by 3.7% during the first quarter. Kennedy Capital Management LLC now owns 61,759 shares of the company's stock worth $555,000 after purchasing an additional 2,198 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in PlayAGS during the 1st quarter worth approximately $96,000. Hillsdale Investment Management Inc. bought a new position in PlayAGS during the 1st quarter worth approximately $4,026,000. Acadian Asset Management LLC grew its position in shares of PlayAGS by 1.8% in the 1st quarter. Acadian Asset Management LLC now owns 590,175 shares of the company's stock worth $5,299,000 after acquiring an additional 10,301 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of PlayAGS by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 2,164,855 shares of the company's stock valued at $19,440,000 after acquiring an additional 70,799 shares during the last quarter. Institutional investors own 77.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AGS shares. Truist Financial reissued a "hold" rating and set a $12.50 price target (down from $13.00) on shares of PlayAGS in a research report on Monday. B. Riley started coverage on shares of PlayAGS in a report on Friday, April 5th. They set a "buy" rating and a $16.00 price target for the company. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $13.00 price target on shares of PlayAGS in a research note on Monday, April 1st.

About PlayAGS

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.

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