Boyd Gaming Corporation June 15th Short Interest Update

Boyd Gaming Corporation (NYSE:BYD), According to the latest information the short interest in Boyd Gaming shot up by 2.4% or 217,598 shares. The final shorts are 11.4% of the total floated shares. The positions increased from 9,004,999 shares on May 31,2016 to 9,222,597 on June 15,2016. According to the per-day average trading of 1,122,293 shares, the days to cover are 8. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Boyd Gaming Corporation (NYSE:BYD): The stock opened at $18.21 on Friday but the bulls could not build on the opening and the stock topped out at $18.54 for the day. The stock traded down to $18.08 during the day, due to lack of any buying support eventually closed down at $18.26 with a loss of -4.25% for the day. The stock had closed at $19.07 on the previous day. The total traded volume was 3,218,673 shares.

The company shares have rallied 23.71% from its 1 Year high price. On Apr 20, 2016, the shares registered one year high at $21.43 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $18.86 and the 200 Day Moving Average price is recorded at $18.62.

Boyd Gaming Corporation (NYSE:BYD) has tumbled 2.3% during the past week and has dropped 2.98% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.68%. Boyd Gaming Corporation (NYSE:BYD) has underperformed the index by 0.04% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operates 22 properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. The Company owns and manages 1,268,345 square feet of casino space, containing 30,392 slot machines, 777 table games and 11,391 hotel rooms. The Company operates in five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula, and Borgata.

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