PlayAGS Inc (NYSE:AGS) Sees Large Growth in Short Interest

PlayAGS Inc (NYSE:AGS - Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 990,600 shares, an increase of 20.2% from the April 30th total of 823,900 shares. Based on an average daily trading volume, of 500,300 shares, the short-interest ratio is presently 2.0 days. Currently, 2.5% of the company's shares are sold short.

PlayAGS Trading Down 0.0%

AGS stock traded down $0.01 during midday trading on Friday, reaching $12.38. The company's stock had a trading volume of 887,111 shares, compared to its average volume of 330,263. The business's 50-day simple moving average is $12.11 and its 200-day simple moving average is $11.93. The company has a quick ratio of 2.64, a current ratio of 3.35 and a debt-to-equity ratio of 7.49. PlayAGS has a 52 week low of $11.09 and a 52 week high of $12.40. The stock has a market cap of $510.57 million, a PE ratio of 72.79 and a beta of 1.52.

PlayAGS (NYSE:AGS - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.88. The business had revenue of $102.98 million for the quarter, compared to analyst estimates of $99.49 million. PlayAGS had a return on equity of 10.37% and a net margin of 1.89%. As a group, sell-side analysts expect that PlayAGS will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AGS. Barclays PLC boosted its position in shares of PlayAGS by 161.7% during the third quarter. Barclays PLC now owns 548,073 shares of the company's stock worth $6,243,000 after purchasing an additional 338,642 shares in the last quarter. SG Americas Securities LLC increased its position in shares of PlayAGS by 38.9% in the 4th quarter. SG Americas Securities LLC now owns 18,347 shares of the company's stock valued at $212,000 after buying an additional 5,135 shares in the last quarter. Principal Financial Group Inc. raised its stake in PlayAGS by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 22,777 shares of the company's stock worth $263,000 after buying an additional 1,942 shares during the period. Olympiad Research LP raised its stake in PlayAGS by 26.5% during the 4th quarter. Olympiad Research LP now owns 129,199 shares of the company's stock worth $1,490,000 after buying an additional 27,036 shares during the period. Finally, Candriam S.C.A. bought a new position in PlayAGS during the fourth quarter worth about $2,131,000. Institutional investors and hedge funds own 77.44% of the company's stock.

PlayAGS Company Profile

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.