Empire Resorts Inc (NASDAQ:NYNY) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 236,500 shares, a decrease of 5.2% from the May 15th total of 249,600 shares. Based on an average trading volume of 9,800 shares, the days-to-cover ratio is presently 24.1 days. Currently, 4.6% of the shares of the company are sold short.
A number of institutional investors and hedge funds have recently bought and sold shares of NYNY. Bank of New York Mellon Corp boosted its position in shares of Empire Resorts by 39.6% during the fourth quarter. Bank of New York Mellon Corp now owns 16,073 shares of the company’s stock valued at $163,000 after purchasing an additional 4,557 shares in the last quarter. Geode Capital Management LLC raised its stake in Empire Resorts by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 55,670 shares of the company’s stock valued at $563,000 after buying an additional 997 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Empire Resorts by 1.1% during the fourth quarter. BlackRock Inc. now owns 289,765 shares of the company’s stock valued at $2,936,000 after buying an additional 3,047 shares during the last quarter. Institutional investors and hedge funds own 1.91% of the company’s stock.
Separately, BidaskClub upgraded Workhorse Group from a “hold” rating to a “buy” rating in a research note on Monday, July 15th.
Empire Resorts (NASDAQ:NYNY) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($1.09) earnings per share for the quarter. The firm had revenue of $57.61 million for the quarter. Empire Resorts had a negative net margin of 68.57% and a negative return on equity of 74.60%.
About Empire Resorts
Empire Resorts, Inc engages in hospitality and gaming businesses in New York. The company owns and operates Monticello Casino and Raceway, a video gaming machine (VGM) and harness horseracing facility in Monticello that operates 1,110 VGMs, including 1,090 video lottery terminals and 20 electronic table game positions; Resorts World Catskills, a casino resort located in Sullivan County, New York; The Alder, a 101-room modern lifestyle hotel; and Amenities, a Casino with 332 guest rooms and suites.
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