Amaya Inc. (NASDAQ:AYA) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 15,146,839 shares, a drop of 8.1% from the August 15th total of 16,473,989 shares. Currently, 12.6% of the company’s shares are sold short. Based on an average daily trading volume, of 111,614 shares, the days-to-cover ratio is currently 135.7 days.
Hedge funds have recently bought and sold shares of the stock. Caledonia Private Investments Pty Ltd boosted its stake in Amaya by 19.0% in the first quarter. Caledonia Private Investments Pty Ltd now owns 13,210,997 shares of the company’s stock worth $229,871,000 after buying an additional 2,108,422 shares during the last quarter. Norges Bank acquired a new stake in Amaya during the fourth quarter worth $9,650,000. Credit Agricole S A boosted its stake in Amaya by 7.1% in the first quarter. Credit Agricole S A now owns 475,244 shares of the company’s stock worth $6,358,000 after buying an additional 31,497 shares during the last quarter. Geode Capital Management LLC boosted its stake in Amaya by 5.7% in the first quarter. Geode Capital Management LLC now owns 51,759 shares of the company’s stock worth $693,000 after buying an additional 2,784 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Amaya during the first quarter worth $369,000. 52.12% of the stock is currently owned by institutional investors and hedge funds.
Separately, Clarus Securities reiterated a “hold” rating on shares of Amaya in a report on Tuesday, August 16th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Amaya currently has an average rating of “Hold” and a consensus target price of $16.00.
Shares of Amaya (NASDAQ:AYA) opened at 15.76 on Friday. Amaya has a 52 week low of $9.67 and a 52 week high of $26.35. The stock’s 50 day moving average price is $15.60 and its 200 day moving average price is $14.48. The firm has a market capitalization of $2.28 billion, a P/E ratio of 33.32 and a beta of 1.95.
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