Scientific Games Corp (NASDAQ:SGMS) Stock Traded 19.6% Above Its 50 Day Moving Average

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Shares last traded at $43.10 well above $36.03, the stock’s 50 day moving average and a great deal higher than the 200 day moving average of $27.37. The 50 day moving average went up $7.07 or +19.62% whereas the 200 day average was up by +57.45%. 1,530K shares changed hands by the end of trading on Wednesday. Volume was up 64.54% over the stocks average daily volume.

Traders are feeling more bearish on shares of Scientific Games Corp recently if you evaluate the rise in short interest. The firm had a rise in short interest of 1.38% as of the latest report on August 31, 2017. Short shares grew 150,788 over that timeframe. With short interest at 11,076,782 and short average daily volume at 712,356, the short-interest ratio is 16.0 and the short interest percentage is 0.12% as of August 31.

Here are a few substantial investment firms who have updated their positions. Sylebra Hk Co Ltd expanded its position by buying 36,275 shares an increase of 0.4% from 03/31/2017 to 06/30/2017. Sylebra Hk Co Ltd controls 8,619,044 shares worth $224,957,000. The total value of its holdings increased 10.8%. Eastbay Asset Management, LLC cut its holdings by selling 475,844 shares a decrease of 81.5% in the quarter. Eastbay Asset Management, LLC owns 108,056 shares valued at $2,820,000. The value of the position overall is down by 79.6%.

As of quarter end Jane Street Group, LLC had bought 1,400 shares growing its stake by 1.4%. The value of the company’s investment in Scientific Games Corp went from $2,365,000 to $2,647,000 a change of $282,000 quarter over quarter. Three Peaks Capital Management, LLC divested its investment by selling 1,790 shares a decrease of 2.0%. Three Peaks Capital Management, LLC currently owns 87,945 shares with a value of $2,295,000. The total value of its holdings increased 8.2%.

As of the last earnings report the EPS was $-3.97 and is expected to be $-2.23 for the current year with 89,424,000 shares presently outstanding. Next quarter’s EPS is forecasted at $-0.22 and the next full year EPS is projected to be $-0.82.

Scientific Games Corporation, launched on July 2, 1984, is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. The Business’s segments include Gaming, Lottery and Interactive. The Business’s portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions. The Company?s games are available on Facebook, Amazon.com, the Apple app store and Android app on Google play..