NeoGames S.A. (NASDAQ:NGMS) Short Interest Update

NeoGames S.A. (NASDAQ:NGMS) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 59,700 shares, a drop of 16.9% from the March 31st total of 71,800 shares. Based on an average trading volume of 148,600 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On NeoGames

Several institutional investors and hedge funds have recently modified their holdings of the company. Wasatch Advisors LP increased its holdings in NeoGames by 168.8% in the first quarter. Wasatch Advisors LP now owns 35,641 shares of the company’s stock valued at $1,032,000 after buying an additional 22,381 shares during the last quarter. Beryl Capital Management LLC acquired a new stake in NeoGames in the fourth quarter valued at about $2,022,000. Black Maple Capital Management LP purchased a new stake in shares of NeoGames in the fourth quarter valued at approximately $1,675,000. Cantor Fitzgerald L. P. purchased a new stake in shares of NeoGames during the 4th quarter worth $1,153,000. Finally, Privium Fund Management UK Ltd boosted its holdings in NeoGames by 33.7% during the fourth quarter. Privium Fund Management UK Ltd now owns 44,210 shares of the company’s stock worth $1,236,000 after buying an additional 11,152 shares in the last quarter. Hedge funds and other institutional investors own 29.73% of the company’s stock.

NeoGames Stock Performance

NASDAQ NGMS traded up $0.02 on Tuesday, hitting $29.45. 211,900 shares of the company’s stock traded hands, compared to its average volume of 131,533. The firm has a market capitalization of $985.99 million, a PE ratio of -54.54 and a beta of 1.14. NeoGames has a 1-year low of $12.51 and a 1-year high of $29.47. The firm’s 50-day moving average price is $28.95 and its two-hundred day moving average price is $28.01. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 1.61.

NeoGames (NASDAQ:NGMS) last announced its earnings results on Wednesday, March 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. NeoGames had a negative net margin of 9.54% and a positive return on equity of 9.15%. The company had revenue of $47.76 million for the quarter, compared to analysts’ expectations of $57.95 million. As a group, analysts expect that NeoGames will post 0.13 EPS for the current year.

NeoGames Company Profile

NeoGames SA provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of games through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.