Amaya Inc. (NASDAQ:AYA) saw a large drop in short interest in April. As of April 13th, there was short interest totalling 7,409,968 shares, a drop of 2.0% from the March 31st total of 7,558,152 shares. Based on an average trading volume of 117,011 shares, the short-interest ratio is presently 63.3 days.
AYA has been the subject of several analyst reports. Zacks Investment Research cut Amaya from a “buy” rating to a “hold” rating in a report on Tuesday, January 17th. Canaccord Genuity set a $28.00 price objective on Amaya and gave the company a “buy” rating in a report on Wednesday, February 1st.
A number of large investors have recently modified their holdings of AYA. Van ECK Associates Corp increased its position in Amaya by 2.3% in the fourth quarter. Van ECK Associates Corp now owns 8,951 shares of the technology company’s stock worth $127,000 after buying an additional 200 shares in the last quarter. Scotia Capital Inc. increased its position in Amaya by 14.7% in the fourth quarter. Scotia Capital Inc. now owns 14,037 shares of the technology company’s stock worth $198,000 after buying an additional 1,794 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in Amaya during the third quarter worth $290,000. Howard Hughes Medical Institute increased its position in Amaya by 11.1% in the first quarter. Howard Hughes Medical Institute now owns 29,193 shares of the technology company’s stock worth $496,000 after buying an additional 2,920 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new position in Amaya during the third quarter worth $1,678,000. 61.64% of the stock is owned by institutional investors and hedge funds.
Amaya (NASDAQ:AYA) traded up 2.59% during trading on Friday, reaching $17.85. The company had a trading volume of 53,569 shares. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 25.50 and a beta of 2.03. The company has a 50-day moving average price of $16.96 and a 200 day moving average price of $14.92. Amaya has a one year low of $12.00 and a one year high of $18.15.
Amaya (NASDAQ:AYA) last issued its quarterly earnings data on Wednesday, March 22nd. The technology company reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. Amaya had a net margin of 6.83% and a return on equity of 29.43%. The business earned $310.40 million during the quarter, compared to the consensus estimate of $308.50 million. During the same period in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts expect that Amaya will post $1.97 earnings per share for the current year.