Inspired Entertainment, Inc. (NASDAQ:INSE) Short Interest Update

Inspired Entertainment, Inc. (NASDAQ:INSE) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 485,600 shares, a decrease of 5.1% from the November 30th total of 511,700 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily trading volume, of 102,400 shares, the days-to-cover ratio is currently 4.7 days.

Inspired Entertainment Price Performance

Shares of INSE stock opened at $9.05 on Thursday. The stock’s fifty day moving average price is $9.51 and its 200 day moving average price is $9.17. Inspired Entertainment has a 1-year low of $7.51 and a 1-year high of $11.00. The company has a market cap of $240.55 million, a price-to-earnings ratio of -904.10 and a beta of 1.39.

Institutional Investors Weigh In On Inspired Entertainment

Large investors have recently modified their holdings of the business. GSA Capital Partners LLP acquired a new position in Inspired Entertainment during the 3rd quarter valued at approximately $106,000. Clarus Group Inc. purchased a new stake in shares of Inspired Entertainment during the third quarter valued at $116,000. Bfsg LLC raised its stake in Inspired Entertainment by 39.0% in the 3rd quarter. Bfsg LLC now owns 13,725 shares of the company’s stock worth $127,000 after acquiring an additional 3,850 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in Inspired Entertainment by 4.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 27,674 shares of the company’s stock worth $257,000 after acquiring an additional 1,174 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in Inspired Entertainment by 232.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 28,317 shares of the company’s stock valued at $262,000 after purchasing an additional 19,794 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Analysts Set New Price Targets

Separately, Craig Hallum raised shares of Inspired Entertainment to a “strong-buy” rating in a research report on Thursday, October 17th.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.