PlayAGS Inc (NYSE:AGS) Short Interest Up 88.9% in June

PlayAGS Inc (NYSE:AGS) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 1,187,900 shares, an increase of 88.9% from the May 30th total of 629,000 shares. Currently, 4.4% of the company’s stock are short sold. Based on an average daily volume of 319,900 shares, the short-interest ratio is currently 3.7 days.

Several research analysts have recently commented on the company. Credit Suisse Group reissued a “neutral” rating and issued a $108.00 price target on shares of Wynn Resorts in a research report on Wednesday, March 20th. Roth Capital boosted their price target on Dmc Global from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Deutsche Bank reissued a “buy” rating and issued a $31.00 price target on shares of PlayAGS in a research report on Sunday, May 12th. ValuEngine raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Finally, Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. PlayAGS currently has an average rating of “Buy” and an average target price of $33.00.

PlayAGS stock traded down $0.30 during trading hours on Thursday, hitting $20.65. 474,800 shares of the stock traded hands, compared to its average volume of 371,698. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.91 and a quick ratio of 1.36. The firm’s 50 day moving average price is $19.28. The firm has a market capitalization of $726.99 million, a PE ratio of -137.67, a price-to-earnings-growth ratio of 2.87 and a beta of 0.88. PlayAGS has a 1 year low of $17.49 and a 1 year high of $32.80.

In other PlayAGS news, CEO David Lopez sold 6,144 shares of PlayAGS stock in a transaction on Monday, May 13th. The stock was sold at an average price of $20.98, for a total transaction of $128,901.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Optimum Investment Advisors purchased a new stake in shares of PlayAGS in the first quarter worth about $36,000. Great West Life Assurance Co. Can purchased a new stake in shares of PlayAGS in the fourth quarter worth about $54,000. Legal & General Group Plc boosted its stake in shares of PlayAGS by 20.6% in the fourth quarter. Legal & General Group Plc now owns 4,465 shares of the company’s stock worth $103,000 after buying an additional 764 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new stake in shares of PlayAGS in the first quarter worth about $109,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of PlayAGS in the first quarter worth about $128,000. Hedge funds and other institutional investors own 98.12% of the company’s stock.

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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