Short Interest in PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Decreases By 38.4%

PLAYSTUDIOS, Inc. (NASDAQ:MYPSGet Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 303,951 shares, a decrease of 38.4% from the July 15th total of 493,460 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 313,667 shares, the short-interest ratio is currently 1.0 days.

PLAYSTUDIOS Price Performance

MYPS stock traded down $0.01 during trading on Tuesday, reaching $0.51. The company had a trading volume of 298,516 shares, compared to its average volume of 572,092. PLAYSTUDIOS has a 52 week low of $0.40 and a 52 week high of $1.08. The business has a 50 day moving average of $0.62 and a 200 day moving average of $0.53. The company has a market cap of $65.20 million, a P/E ratio of -1.43 and a beta of 0.94.

PLAYSTUDIOS (NASDAQ:MYPSGet Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The firm had revenue of $54.99 million for the quarter, compared to the consensus estimate of $57.05 million. PLAYSTUDIOS had a negative net margin of 20.65% and a negative return on equity of 19.61%.

Institutional Trading of PLAYSTUDIOS

A number of hedge funds and other institutional investors have recently modified their holdings of MYPS. Marquette Asset Management LLC purchased a new position in PLAYSTUDIOS during the 2nd quarter valued at about $203,000. Stoic Point Capital Management LLC purchased a new position in shares of PLAYSTUDIOS during the first quarter valued at approximately $405,000. Mackenzie Financial Corp boosted its position in shares of PLAYSTUDIOS by 4.5% in the 4th quarter. Mackenzie Financial Corp now owns 863,536 shares of the company’s stock worth $565,000 after purchasing an additional 36,905 shares in the last quarter. Verdad Advisers LP bought a new stake in shares of PLAYSTUDIOS in the 4th quarter worth approximately $48,000. Finally, Almitas Capital LLC grew its stake in shares of PLAYSTUDIOS by 334.5% in the 4th quarter. Almitas Capital LLC now owns 4,047,346 shares of the company’s stock worth $2,637,000 after buying an additional 3,115,758 shares during the last quarter. 37.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MYPS has been the subject of several research analyst reports. Wall Street Zen upgraded PLAYSTUDIOS from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings raised PLAYSTUDIOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1.25.

Check Out Our Latest Stock Report on PLAYSTUDIOS

About PLAYSTUDIOS

(Get Free Report)

PLAYSTUDIOS, traded on NASDAQ as MYPS, is a digital entertainment company that develops free-to-play mobile and social casino games. Its flagship titles include POP! Slots, myVEGAS Slots and my KONAMI Slots, which combine classic casino mechanics with branded content and a proprietary loyalty program. Through the MyPLAY system, players earn virtual currency and loyalty points redeemable for real-world rewards, including hotel stays, dining and entertainment vouchers at partner venues.

Founded in 2011 and headquartered in Las Vegas, Nevada, PLAYSTUDIOS was co-founded by industry veteran Andrew Pascal, who serves as its Chief Executive Officer.

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