Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) Short Interest Up 27.6% in December

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 244,256 shares, a growth of 27.6% from the November 30th total of 191,382 shares. Based on an average daily trading volume, of 202,155 shares, the short-interest ratio is presently 1.2 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 202,155 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On Falcon’s Beyond Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of Falcon’s Beyond Global by 8,008.5% during the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after purchasing an additional 3,764 shares during the last quarter. Clear Street Group Inc. bought a new position in shares of Falcon’s Beyond Global in the third quarter worth about $53,000. HighTower Advisors LLC purchased a new position in Falcon’s Beyond Global during the first quarter valued at approximately $124,000. AllGen Financial Advisors Inc. lifted its stake in shares of Falcon’s Beyond Global by 79.8% during the 3rd quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock valued at $476,000 after buying an additional 19,157 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Falcon’s Beyond Global by 21.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock worth $559,000 after acquiring an additional 9,082 shares during the period. 38.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FBYD. Wall Street Zen upgraded Falcon’s Beyond Global to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Down 4.1%

Shares of FBYD opened at $16.29 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31. Falcon’s Beyond Global has a 1 year low of $3.62 and a 1 year high of $29.02. The stock has a 50 day simple moving average of $14.54 and a two-hundred day simple moving average of $10.50. The firm has a market cap of $1.97 billion, a P/E ratio of -135.75 and a beta of -2.10.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its earnings results on Friday, November 14th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $4.05 million for the quarter. Falcon’s Beyond Global had a net margin of 10.57% and a negative return on equity of 16.17%.

Falcon’s Beyond Global Company Profile

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. Falcon’s Creative Group is a themed entertainment and master planning firm. Falcon’s Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues.