Inspired Entertainment, Inc. (NASDAQ:INSE) Short Interest Update

Inspired Entertainment, Inc. (NASDAQ:INSE) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 547,400 shares, a growth of 7.6% from the January 15th total of 508,800 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average trading volume of 130,500 shares, the days-to-cover ratio is presently 4.2 days.

Institutional Trading of Inspired Entertainment

Several hedge funds have recently modified their holdings of the stock. Foundry Partners LLC increased its stake in Inspired Entertainment by 12.8% in the third quarter. Foundry Partners LLC now owns 529,380 shares of the company’s stock valued at $4,907,000 after purchasing an additional 59,915 shares in the last quarter. Barclays PLC raised its stake in Inspired Entertainment by 314.1% during the 3rd quarter. Barclays PLC now owns 31,321 shares of the company’s stock worth $291,000 after buying an additional 23,757 shares during the period. Geode Capital Management LLC grew its stake in Inspired Entertainment by 0.8% in the third quarter. Geode Capital Management LLC now owns 521,451 shares of the company’s stock valued at $4,835,000 after acquiring an additional 4,233 shares during the period. Private Management Group Inc. increased its holdings in shares of Inspired Entertainment by 35.5% during the third quarter. Private Management Group Inc. now owns 1,633,593 shares of the company’s stock valued at $15,143,000 after acquiring an additional 428,312 shares in the last quarter. Finally, State Street Corp raised its position in shares of Inspired Entertainment by 0.7% during the third quarter. State Street Corp now owns 405,625 shares of the company’s stock worth $3,760,000 after purchasing an additional 2,675 shares during the period. Institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Stock Performance

Shares of Inspired Entertainment stock opened at $10.95 on Tuesday. The stock’s 50-day moving average is $9.42 and its 200 day moving average is $9.31. Inspired Entertainment has a one year low of $7.51 and a one year high of $11.23.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market outperform” rating and issued a $14.00 price objective on shares of Inspired Entertainment in a research note on Monday, January 27th.

About Inspired Entertainment

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.