Short Interest in Hall of Fame Resort & Entertainment (NASDAQ:HOFV) Decreases By 5.6%

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 421,200 shares, a decrease of 5.6% from the May 31st total of 446,400 shares. Approximately 8.9% of the shares of the company are short sold. Based on an average daily volume of 18,200 shares, the short-interest ratio is currently 23.1 days.

Hedge Funds Weigh In On Hall of Fame Resort & Entertainment

An institutional investor recently bought a new position in Hall of Fame Resort & Entertainment stock. Virtu Financial LLC purchased a new position in Hall of Fame Resort & Entertainment (NASDAQ:HOFV) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,418 shares of the company’s stock, valued at approximately $55,000. Virtu Financial LLC owned approximately 0.24% of Hall of Fame Resort & Entertainment as of its most recent SEC filing. 3.62% of the stock is currently owned by institutional investors and hedge funds.

Hall of Fame Resort & Entertainment Stock Performance

NASDAQ:HOFV opened at $2.77 on Thursday. The firm’s 50-day moving average is $2.96 and its 200-day moving average is $3.26. The company has a market cap of $18.09 million, a price-to-earnings ratio of -0.26 and a beta of 1.92. Hall of Fame Resort & Entertainment has a 52-week low of $2.29 and a 52-week high of $12.42.

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) last issued its quarterly earnings results on Monday, May 13th. The company reported ($2.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.62) by $0.32. The firm had revenue of $4.19 million for the quarter, compared to analyst estimates of $3.05 million. Hall of Fame Resort & Entertainment had a negative return on equity of 45.50% and a negative net margin of 256.43%. Equities analysts predict that Hall of Fame Resort & Entertainment will post -9.04 EPS for the current year.

About Hall of Fame Resort & Entertainment

Hall of Fame Resort & Entertainment Company, a resort and entertainment company, doing business as the Pro Football Hall of Fame. It owns the DoubleTree by Hilton located in downtown Canton, and the Hall of Fame Village, which is a multi-use sports, entertainment, and media destination. The company is headquartered in Canton, Ohio.