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First Week of June 15th Options Trading For Scientific Games (SGMS)
Wednesday, April 25, 12:06 PM ET, by Market News Video Staff

Investors in Scientific Games Corp (SGMS) saw new options begin trading this week, for the ...

Scientific Games Reaches Analyst Target Price
Monday, April 30, 9:35 AM ET, by Market News Video Staff

In recent trading, shares of Scientific Games Corp (SGMS) have crossed above the average analyst ...

Notable Tuesday Option Activity: CVI, SGMS, KORS
Tuesday, May 1, 3:19 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

Scientific Games Corp Larger Than S&P 500 Component Assurant
Thursday, May 3, 4:40 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Scientific ...

Short Interest Makes 11.4% Move For SGMS
Tuesday, May 8, 9:54 PM ET, by Market News Video Staff

The most recent short interest data has been released for the 04/13/2018 settlement date, which ...

Short Interest Falls 22% For SGMS

By Market News Video Staff, Friday, August 10, 1:47 PM ET
Play Video: What Short Interest Means

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The most recent short interest data has been released for the 07/31/2018 settlement date, which shows a 2,007,038 share decrease in total short interest for Scientific Games Corp (NASDAQ:SGMS), to 7,094,714, a decrease of 22.05% since 07/13/2018. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for SGMS at the 07/31/2018 settlement decreased to 772,004, as compared to 793,232 at the 07/13/2018 report. That brought "days to cover" down to 9.19, a 19.91% decrease from the 11.47 days to cover calculated at the previous short interest data release.

The below chart shows the historical "days to cover" for SGMS at previous short interest release dates:

A decreased "days to cover" value could indicate that short sellers are no longer expecting the same decline in stock price they once were, or it could also indicate a long bet elsewhere was closed where SGMS had been shorted as a hedge.

The chart below shows the one year performance of SGMS shares, versus its 200 day moving average. Looking at this chart, SGMS's low point in its 52 week range is $31.45 per share, with $62.80 as the 52 week high point that compares with a last trade of $33.40.

Scientific Games Corp Chart

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