Hall of Fame Resort & Entertainment (NASDAQ:HOFV) Sees Significant Drop in Short Interest

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 372,600 shares, a decline of 8.0% from the January 15th total of 404,900 shares. Based on an average daily volume of 41,700 shares, the days-to-cover ratio is currently 8.9 days. Approximately 7.8% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Maxim Group restated a “hold” rating on shares of Hall of Fame Resort & Entertainment in a report on Friday, October 25th.

Hall of Fame Resort & Entertainment Trading Down 10.2 %

Hall of Fame Resort & Entertainment stock traded down $0.12 during mid-day trading on Tuesday, hitting $1.06. The company’s stock had a trading volume of 40,034 shares, compared to its average volume of 24,249. Hall of Fame Resort & Entertainment has a 1 year low of $0.81 and a 1 year high of $3.78. The firm has a market capitalization of $6.95 million, a PE ratio of -0.12 and a beta of 1.72. The stock’s fifty day moving average is $1.17 and its two-hundred day moving average is $1.53.

Hall of Fame Resort & Entertainment Company Profile

Hall of Fame Resort & Entertainment Co is a resort and entertainment company, which leverages the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. The company was founded in 2015 and is headquartered in Canton, OH.