Short Interest in Hall of Fame Resort & Entertainment (NASDAQ:HOFV) Drops By 8.0%

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

Hall of Fame Resort & Entertainment Stock Performance

HOFV stock opened at $1.06 on Wednesday. The stock has a market cap of $6.95 million, a P/E ratio of -0.12 and a beta of 1.72. The firm has a 50 day simple moving average of $1.17 and a 200 day simple moving average of $1.53. Hall of Fame Resort & Entertainment has a 52 week low of $0.81 and a 52 week high of $3.78.

Analyst Upgrades and Downgrades

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 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.