Boyd Gaming Corp
- Perception of the company's creditworthiness is positive and improving
- ETFs holding this stock are seeing positive inflows but are weakening
- Bearish sentiment is low and declining
- Economic output in this company's sector is contracting
Short interest | Positive
Short interest is low for BYD with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 23.
ETF/Index ownership | Negative
ETF activity is negative and may be weakening. The net inflows of $73 million over the last one-month into ETFs that hold BYD are among the lowest of the last year and appear to be slowing.
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 one year, which indicates improvement in the market's perception of the company's credit worthiness.
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