Boyd Gaming Corp
- Perception of the company's creditworthiness is neutral but weakening
- Bearish sentiment is moderate and increasing
- Economic output in this company's sector is expanding
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 May 16.
ETF/Index ownership | Neutral
ETF activity is neutral. The net inflows of $2.74 billion over the last one-month into ETFs that hold BYD are not among the highest of the last year and have been slowing.
PMI by IHS Markit | Positive
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year.
Credit default swap | Neutral
The current level displays a neutral indicator with a weakening bias over the past 1-month. Although BYD credit default swap spreads are rising, indicating the market's more negative perception of the company's credit worthiness, they are still comfortably within the range of the last three years.
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