Empire Resorts Inc (NASDAQ:NYNY) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 182,600 shares, a decline of 6.2% from the September 30th total of 194,700 shares. Based on an average daily trading volume, of 27,500 shares, the short-interest ratio is currently 6.6 days. Currently, 1.0% of the company’s shares are short sold.
Shares of NASDAQ NYNY opened at $9.75 on Tuesday. The firm’s 50-day moving average price is $9.73 and its 200-day moving average price is $10.33. Empire Resorts has a 1-year low of $8.11 and a 1-year high of $16.96. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 2.85.
Several equities analysts have recently weighed in on NYNY shares. ValuEngine upgraded shares of Empire Resorts from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. BidaskClub lowered shares of Empire Resorts from a “sell” rating to a “strong sell” rating in a report on Friday, October 18th.
In other news, major shareholder Huat Realty Ltd Kien III bought 5,523,691 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average price of $9.74 per share, for a total transaction of $53,800,750.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Gabelli Funds LLC acquired a new position in shares of Empire Resorts during the third quarter valued at about $870,000. Gamco Investors INC. ET AL acquired a new stake in shares of Empire Resorts in the 3rd quarter worth about $130,000. Tower Research Capital LLC TRC raised its holdings in shares of Empire Resorts by 137.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,756 shares of the company’s stock worth $36,000 after acquiring an additional 2,171 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Empire Resorts by 3.9% in the 2nd quarter. BlackRock Inc. now owns 280,743 shares of the company’s stock worth $2,695,000 after acquiring an additional 10,467 shares during the last quarter. Hedge funds and other institutional investors own 31.54% of the company’s stock.
Empire Resorts Company Profile
Empire Resorts, Inc engages in hospitality and gaming businesses in New York. The company owns and operates Monticello Casino and Raceway, a video gaming machine (VGM) and harness horseracing facility in Monticello that operates 1,110 VGMs, including 1,090 video lottery terminals and 20 electronic table game positions; Resorts World Catskills, a casino resort located in Sullivan County, New York; The Alder, a 101-room modern lifestyle hotel; and Amenities, a Casino with 332 guest rooms and suites.
Featured Story: What causes a stock to be most active?
Receive News & Ratings for Empire Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire Resorts and related companies with MarketBeat.com's FREE daily email newsletter.