NeoGames S.A. (NASDAQ:NGMS) Short Interest Down 16.9% in April

NeoGames S.A. (NASDAQ:NGMS) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 59,700 shares, a decline of 16.9% from the March 31st total of 71,800 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 148,600 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On NeoGames

A number of large investors have recently bought and sold shares of NGMS. Trium Capital LLP acquired a new stake in NeoGames during the third quarter worth about $6,819,000. Alpine Associates Management Inc. raised its holdings in NeoGames by 24.6% during the 4th quarter. Alpine Associates Management Inc. now owns 1,245,528 shares of the company’s stock worth $35,659,000 after purchasing an additional 245,900 shares during the last quarter. Tudor Investment Corp Et Al raised its holdings in NeoGames by 111.6% during the 3rd quarter. Tudor Investment Corp Et Al now owns 328,005 shares of the company’s stock worth $8,856,000 after purchasing an additional 173,005 shares during the last quarter. UBS Group AG raised its holdings in NeoGames by 47.7% during the 3rd quarter. UBS Group AG now owns 244,460 shares of the company’s stock worth $6,600,000 after purchasing an additional 78,947 shares during the last quarter. Finally, Beryl Capital Management LLC acquired a new stake in shares of NeoGames during the 4th quarter worth approximately $2,022,000. 29.73% of the stock is currently owned by institutional investors and hedge funds.

NeoGames Price Performance

Shares of NGMS opened at $29.45 on Friday. NeoGames has a 1-year low of $12.51 and a 1-year high of $29.47. The company has a market cap of $985.99 million, a price-to-earnings ratio of -54.54 and a beta of 1.14. The company’s fifty day simple moving average is $28.90 and its 200 day simple moving average is $27.95. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 1.61.

NeoGames (NASDAQ:NGMS) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. NeoGames had a negative net margin of 9.54% and a positive return on equity of 9.15%. The business had revenue of $47.76 million for the quarter, compared to the consensus estimate of $57.95 million. On average, research analysts forecast that NeoGames will post 0.13 earnings per share for the current fiscal year.

About NeoGames

NeoGames SA provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of games through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.