Short Interest in Hall of Fame Resort & Entertainment (NASDAQ:HOFV) Drops By 7.5%

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 432,100 shares, a drop of 7.5% from the February 29th total of 467,100 shares. Based on an average trading volume of 21,400 shares, the short-interest ratio is presently 20.2 days. Approximately 10.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HOFV. Verition Fund Management LLC boosted its holdings in shares of Hall of Fame Resort & Entertainment by 45.6% in the second quarter. Verition Fund Management LLC now owns 49,814 shares of the company’s stock valued at $30,000 after acquiring an additional 15,600 shares in the last quarter. Advisory Services Network LLC bought a new stake in Hall of Fame Resort & Entertainment during the first quarter worth approximately $38,000. B. Riley Wealth Advisors Inc. lifted its position in Hall of Fame Resort & Entertainment by 445.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 84,723 shares of the company’s stock worth $47,000 after purchasing an additional 69,201 shares during the period. Goldman Sachs Group Inc. boosted its stake in Hall of Fame Resort & Entertainment by 225.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 115,851 shares of the company’s stock valued at $69,000 after purchasing an additional 80,305 shares in the last quarter. Finally, Virtu Financial LLC boosted its stake in Hall of Fame Resort & Entertainment by 146.4% during the 1st quarter. Virtu Financial LLC now owns 79,725 shares of the company’s stock valued at $88,000 after purchasing an additional 47,368 shares in the last quarter. Institutional investors own 3.62% of the company’s stock.

Hall of Fame Resort & Entertainment Trading Down 2.2 %

Shares of NASDAQ:HOFV opened at $3.56 on Wednesday. The firm’s 50 day moving average is $3.46 and its two-hundred day moving average is $3.59. The firm has a market capitalization of $23.14 million, a P/E ratio of -0.30 and a beta of 1.85. Hall of Fame Resort & Entertainment has a 52 week low of $2.31 and a 52 week high of $12.42.

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) last issued its quarterly earnings data on Thursday, March 21st. The company reported ($2.60) earnings per share (EPS) for the quarter. The business had revenue of $6.14 million during the quarter. Hall of Fame Resort & Entertainment had a negative return on equity of 44.24% and a negative net margin of 287.61%.

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 premier sports, entertainment, and media enterprise surrounding the Pro Football Hall of Fame in Canton, Ohio. The company was founded in 2015 and is headquartered in Canton, Ohio.