Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) Sees Large Growth in Short Interest

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 20,100 shares, a growth of 29.7% from the June 30th total of 15,500 shares. Based on an average daily volume of 5,900 shares, the days-to-cover ratio is currently 3.4 days. Approximately 0.5% of the shares of the company are short sold.

Falcon’s Beyond Global Stock Up 1.1 %

Shares of Falcon’s Beyond Global stock opened at $10.92 on Tuesday. The company has a 50 day moving average price of $10.58 and a 200 day moving average price of $10.44. Falcon’s Beyond Global has a 52 week low of $7.02 and a 52 week high of $44.00.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its quarterly earnings data on Thursday, May 16th. The company reported $1.53 EPS for the quarter. The company had revenue of $1.52 million during the quarter.

Hedge Funds Weigh In On Falcon’s Beyond Global

A hedge fund recently bought a new stake in Falcon’s Beyond Global stock. Wolverine Asset Management LLC purchased a new position in shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,016 shares of the company’s stock, valued at approximately $49,000. 38.88% of the stock is owned by hedge funds and other institutional investors.

About Falcon’s Beyond Global

Falcon's Beyond Global, Inc operates as an entertainment company in the United States, Saudi Arabia, Caribbean, Hong Kong, and internationally. The company creates master plans; designs attractions and experiential entertainment; and produces content, interactives, and software, as well as engages in media and audio production, project management, experiential technologies, and attraction hardware development, procurement, and sales.