Super League Gaming (NASDAQ:SLGG) Short Interest Update

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Super League Gaming (NASDAQ:SLGG) saw a significant drop in short interest in the month of November. As of November 29th, there was short interest totalling 214,000 shares, a drop of 9.5% from the November 14th total of 236,400 shares. Currently, 2.9% of the shares of the stock are short sold. Based on an average trading volume of 66,600 shares, the days-to-cover ratio is presently 3.2 days.

In other Super League Gaming news, Director Mark Jung bought 6,608 shares of Super League Gaming stock in a transaction on Friday, October 11th. The stock was bought at an average price of $3.83 per share, with a total value of $25,308.64. In the last three months, insiders acquired 55,463 shares of company stock valued at $782,987.

Hedge funds have recently made changes to their positions in the company. Morgan Stanley purchased a new position in shares of Super League Gaming in the second quarter valued at $36,000. Tiedemann Advisors LLC purchased a new stake in Super League Gaming during the 3rd quarter worth about $48,000. Creative Planning purchased a new stake in Super League Gaming during the 3rd quarter worth about $53,000. BlackRock Inc. purchased a new stake in Super League Gaming during the 2nd quarter worth about $60,000. Finally, Millennium Management LLC purchased a new stake in Super League Gaming during the 3rd quarter worth about $65,000. Institutional investors and hedge funds own 12.38% of the company’s stock.

Separately, ValuEngine downgraded Super League Gaming from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $13.31.

Shares of SLGG stock traded up $0.12 during mid-day trading on Friday, reaching $2.70. The stock had a trading volume of 42,079 shares, compared to its average volume of 80,261. Super League Gaming has a 12-month low of $1.85 and a 12-month high of $11.55. The business has a 50-day simple moving average of $2.89 and a 200 day simple moving average of $5.51.

Super League Gaming (NASDAQ:SLGG) last announced its quarterly earnings results on Wednesday, November 13th. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.07). The firm had revenue of $0.35 million during the quarter, compared to analyst estimates of $0.30 million. On average, sell-side analysts anticipate that Super League Gaming will post -2.62 earnings per share for the current year.

About Super League Gaming

Super League Gaming, Inc operates an esports community and content platform. The company through its platform connects a network of gamers, venues, and brand partners to enable local, social, and competitive esports that could be broadcasted through its platform. The company was formerly known as Nth Games, Inc and changed its name to Super League Gaming, Inc in July 2015.

See Also: Consumer Price Index (CPI)

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