Short Interest Update on Boyd Gaming Corporation (BYD)

Boyd Gaming Corporation (BYD) : The short interest in Boyd Gaming Corporation (BYD) has increased from 8,773,205 to 9,991,104 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,586,763 shares are traded daily in the stock and only 6 days are left for the shorts to cover. The short open interest is 12.4% of the total shares in the hands of the public. The shorts in the stock have gone up by 1,217,899 shares, which is an increase of 13.9% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Boyd Gaming Corporation (NYSE:BYD): The stock opened at $20.20 on Wednesday but the bulls could not build on the opening and the stock topped out at $20.37 for the day. The stock traded down to $20.00 during the day, due to lack of any buying support eventually closed down at $20.04 with a loss of -1.09% for the day. The stock had closed at $20.26 on the previous day. The total traded volume was 937,991 shares.


In a related news,The director officer 10% owner (Executive Chairman) of Boyd Gaming Corp, Boyd William S sold 76,531 shares at $19.75 on August 16, 2016. The Insider selling transaction had a total value worth of $1,511,487. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operates 22 properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. The Company owns and manages 1,268,345 square feet of casino space, containing 30,392 slot machines, 777 table games and 11,391 hotel rooms. The Company operates in five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula, and Borgata.

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