Boyd Gaming Corp
- Perception of the company's creditworthiness is positive and improving
- ETFs holding this stock have seen outflows over the last one-month
- Bearish sentiment is moderate and increasing
- Economic output in this company's sector is contracting
Short interest | Neutral
Short interest is moderate for BYD with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 14.
ETF/Index ownership | Negative
ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding BYD totaled $69.14 billion. Additionally, the rate of outflows appears to be accelerating.
PMI by IHS Markit | Negative
According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating.
Credit default swap | Positive
The current level displays a positive indicator with a strengthening bias over the past 1-month. BYD credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.
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