PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Stock Short Interest Report for October

by · The Cerbat Gem

PLAYSTUDIOS, Inc. (NASDAQ:MYPS – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 16,566 shares, a drop of 96.2% from the September 30th total of 440,325 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 56,922 shares, the days-to-cover ratio is currently 0.3 days.

PLAYSTUDIOS Trading Up 13.7%

MYPS stock traded up $0.52 during trading on Monday, reaching $4.32. The stock had a trading volume of 314,952 shares, compared to its average volume of 56,117. PLAYSTUDIOS has a 1-year low of $3.53 and a 1-year high of $9.66. The company has a market capitalization of $51.88 million, a P/E ratio of -1.20 and a beta of 0.96. The firm has a fifty day moving average price of $4.66 and a 200 day moving average price of $5.24.

PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.27. The company had revenue of $54.99 million during the quarter, compared to analysts’ expectations of $57.05 million. PLAYSTUDIOS had a negative net margin of 20.65% and a negative return on equity of 19.61%.

Analysts Set New Price Targets

MYPS has been the topic of several recent research reports. Wall Street Zen raised PLAYSTUDIOS to a “hold” rating in a research report on Saturday, October 17th. Weiss Ratings upgraded PLAYSTUDIOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PLAYSTUDIOS presently has a consensus rating of “Hold” and a consensus price target of $12.50.

Check Out Our Latest Stock Report on PLAYSTUDIOS

Institutional Inflows and Outflows

An institutional investor recently bought a new position in PLAYSTUDIOS stock. Stoic Point Capital Management LLC acquired a new stake in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 862,771 shares of the company’s stock, valued at approximately $405,000. Stoic Point Capital Management LLC owned approximately 0.67% of PLAYSTUDIOS as of its most recent SEC filing. Institutional investors own 37.52% of the company’s stock.

PLAYSTUDIOS Company Profile

(Get Free Report)

PLAYSTUDIOS, Inc is a developer and publisher of free-to-play casual and social casino-style mobile games. The company combines digital gaming with a loyalty-rewards model, allowing players to earn points through gameplay and redeem them for offers and experiences from hospitality, travel, entertainment and other consumer brands.

Its portfolio includes titles such as myVEGAS Slots, myKONAMI Slots, POP! Slots and MGM Slots Live. PLAYSTUDIOS distributes its games through major mobile and online platforms and serves players internationally, with its products available across multiple geographic markets.

The company was founded in 2011 by Andrew Pascal, who serves as chief executive officer.

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