SciPlay Corp (NASDAQ:SCPL) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,070,000 shares, an increase of 117.9% from the September 30th total of 491,100 shares. Based on an average trading volume of 379,200 shares, the days-to-cover ratio is currently 2.8 days. Approximately 4.7% of the shares of the company are sold short.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atlas Capital Advisors LLC purchased a new stake in shares of SciPlay during the 2nd quarter worth approximately $27,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of SciPlay during the 2nd quarter worth approximately $67,000. NumerixS Investment Technologies Inc purchased a new stake in shares of SciPlay during the 2nd quarter worth approximately $123,000. Tower Research Capital LLC TRC purchased a new stake in shares of SciPlay during the 2nd quarter worth approximately $123,000. Finally, Jane Street Group LLC purchased a new stake in shares of SciPlay during the 2nd quarter worth approximately $278,000. 18.90% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on SCPL. Morgan Stanley cut their price objective on SciPlay from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Bank of America downgraded SciPlay from a “buy” rating to an “underperform” rating and cut their price objective for the company from $17.00 to $12.00 in a research note on Thursday, September 19th. Wedbush reissued a “buy” rating and issued a $14.25 price target on shares of SciPlay in a report on Friday, November 8th. ValuEngine cut SciPlay from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Finally, Zacks Investment Research cut SciPlay from a “hold” rating to a “strong sell” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.78.
SciPlay (NASDAQ:SCPL) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.55). The company had revenue of $116.40 million during the quarter, compared to the consensus estimate of $121.74 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, analysts forecast that SciPlay will post 1.79 EPS for the current fiscal year.
SciPlay Company Profile
SciPlay Corporation develops and publishes digital games on mobile and Web platforms. The company offers seven games, which include social casino games, such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots, as well as casual games comprising MONOPOLY Slots, Bingo Showdown, and 88 Fortunes Slots.
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