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

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

Inspired Entertainment Price Performance

Shares of INSE stock opened at $10.95 on Tuesday. Inspired Entertainment has a 1 year low of $7.51 and a 1 year high of $11.23. The firm has a fifty day moving average price of $9.42 and a 200-day moving average price of $9.31. The company has a market cap of $291.05 million, a price-to-earnings ratio of -1,093.91 and a beta of 1.40.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INSE. Wells Fargo & Company MN lifted its stake in shares of Inspired Entertainment by 51.0% during the 4th quarter. Wells Fargo & Company MN now owns 10,350 shares of the company’s stock valued at $94,000 after buying an additional 3,494 shares in the last quarter. Oxford Asset Management LLP purchased a new position in shares of Inspired Entertainment during the 4th quarter valued at $96,000. SG Americas Securities LLC purchased a new position in shares of Inspired Entertainment during the 4th quarter valued at $97,000. GSA Capital Partners LLP purchased a new position in shares of Inspired Entertainment during the 3rd quarter valued at $106,000. Finally, Clarus Group Inc. purchased a new position in shares of Inspired Entertainment during the 3rd quarter valued at $116,000. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Company Profile

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.