Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) Short Interest Up 21.8% in January

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 903,306 shares, an increase of 21.8% from the January 15th total of 741,515 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 177,297 shares, the short-interest ratio is currently 5.1 days. Based on an average daily trading volume, of 177,297 shares, the short-interest ratio is currently 5.1 days. Currently, 1.0% of the company’s stock are short sold.

Institutional Trading of Falcon’s Beyond Global

Institutional investors and hedge funds have recently modified their holdings of the business. Nuveen LLC bought a new stake in shares of Falcon’s Beyond Global during the 4th quarter valued at about $264,000. Goldman Sachs Group Inc. acquired a new position in Falcon’s Beyond Global in the fourth quarter valued at approximately $211,000. Geode Capital Management LLC grew its holdings in shares of Falcon’s Beyond Global by 86.2% during the fourth quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock valued at $4,770,000 after purchasing an additional 147,056 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Falcon’s Beyond Global by 434.9% during the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after purchasing an additional 357,589 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Falcon’s Beyond Global during the 4th quarter worth approximately $47,000. 38.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Falcon’s Beyond Global Trading Down 7.4%

NASDAQ:FBYD opened at $4.02 on Thursday. The company has a market cap of $486.66 million, a PE ratio of -33.50 and a beta of -1.66. The business’s 50 day moving average is $9.84 and its two-hundred day moving average is $10.79. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. Falcon’s Beyond Global has a 52 week low of $3.71 and a 52 week high of $29.02.

About Falcon’s Beyond Global

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.