SciPlay Co. (NASDAQ:SCPL) short interest increases 72.6%. –

There was a noticeable increase in the number of short positions taken on SciPlay Company in September (NASDAQ: SCPL). There were 365,600 shares available for short sale as of September 15; this represents a 72.6% increase from the 211,800 shares that were available for short selling the previous day. Short sales represent approximately 1.6% of the company’s total number of shares outstanding. The current day-to-cover ratio is 1.7, calculated on the basis of an average daily volume of 213,000 shares. This number was obtained after considering historical data.

On Tuesday, August 9, SciPlay’s (NASDAQ:SCPL) latest quarterly earnings report was released. The company’s earnings per share for the quarter were $0.23, $0.01 higher than the consensus estimate of $0.22 per share. The consensus estimate was $0.22 per share. SciPlay’s return on equity was 6.91% and the company’s net margin was 2.94%. The company’s quarterly revenue was $160.10 million, significantly lower than the industry analysts’ consensus estimate of $163.62 million, which analysts held. Stock analysts believe SciPlay will earn $0.95 per share this year.
In the most recent period, several large investors bought SCPL shares, only to turn around and sell them later. The amount of money invested by Engine Capital Management LP in SciPlay increased by approximately $24,938,000 during the fourth quarter. Additionally, Caledonia Private Investments Pty Ltd increased its stake in SciPlay during the last three months of 2018, resulting in a total investment of approximately $21,478,000. To acquire a new stake in SciPlay, Ruffer LLP incurred a total expenditure of approximately $13,722,000 in the second quarter. In the first three months of the year, TIG Advisors LLC increased the percentage of SciPlay shares held by 157.0%. After the company’s shares were increased by an additional 805,940 shares in the previous quarter, TIG Advisors LLC now owns a total of 1,319,290 shares of the company, valued at $17,045,000. That’s because the company’s shares rose in the previous quarter.
Last but not least, in the first three months of this year, Anqa Management LLC made a new investment in SciPlay of approximately $7,035,000. Again, this shouldn’t be considered the least important of the three. Currently, 17.66% of the company’s shares are held by institutional investors and hedge fund investors.

The price of one SCPL share finally hit $11.45 on Wednesday after gaining $0.45 per share on Wednesday. The company’s trading volume was significantly below the average, which is 342,092 shares per day. As a result, the company only traded 166,649 shares. SciPlay’s all-time high is currently $22.29, while the all-time low is currently at $10.60. The company’s moving average price over the past 50 days is $12.26 and its average price over the past 200 days is $12.95. The company’s price/earnings ratio is 15.47 and its beta value is 0.26. The company currently has a market capitalization of $1.47 billion.

Several research analysts have recently commented on the SCPL stock, which can be found here. TheStreet downgraded SciPlay from a “b-” to “c+” rating in a research note published on Tuesday, September 13. In a research note published on Friday, June 10, Wedbush raised its rating on SciPlay shares from “neutral.” to “outperform” and raised their price target for the stock from $14.50 to $17.00 in a research note. In a research note published Sept. 7, Morgan Stanley lowered its price target for SciPlay shares, which it had previously set at $13.50, to $12.50 in a research note that was Despite the change , the company still received an “equal weight” rating from the consultancy. Finally, in a research report published Tuesday, August 23, Bank of America reaffirmed its “underperforming” rating on SciPlay shares and positioned them with a price target of $10.00 in a research report. .
Finally, Deutsche Bank Aktiengesellschaft lowered its price target on SciPlay shares from $17.00 to $16.00 in a research note released Monday, August 8. One equity research analyst suggested selling the stock, two said they would maintain their current position. in the stock, and five said they would buy the stock if it was in the market. The current recommendation for SciPlay is a “moderate buy” and the average price target for the company is $15.78 per share, according to data gathered by Bloomberg.

The SciPlay Corporation develops social games for mobile and web platforms, markets and operates these games, and is also involved in the operation of these games. The company maintains operations not only in the United States of America, but also in other countries. It offers casual games like Bingo Showdown, Solitaire Pets Adventure, and Backgammon Live, as well as social casino games like Jackpot Party Casino, Gold Fish Casino, Quick Hit Slots, 88 Fortunes Slots, MONOPOLY Slots, and Hot Shot Casino. Other games include MONOPOLY Slots, Quick Hit Slots and Hot Shot Casino. Bingo Showdown, Solitaire Pets Adventure and Backgammon Live are some of the other games you can play.