Short Interest in Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Rises By 6.6%

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 81,900 shares, an increase of 6.6% from the March 31st total of 76,800 shares. Based on an average trading volume of 48,800 shares, the short-interest ratio is presently 1.7 days. Approximately 2.1% of the shares of the company are sold short.

Allied Gaming & Entertainment Price Performance

NASDAQ AGAE opened at $0.85 on Thursday. The company has a market capitalization of $37.30 million, a PE ratio of -8.45 and a beta of 1.31. Allied Gaming & Entertainment has a 1 year low of $0.76 and a 1 year high of $1.50. The company has a fifty day moving average of $0.92 and a two-hundred day moving average of $1.00.

Allied Gaming & Entertainment (NASDAQ:AGAE) last issued its quarterly earnings data on Tuesday, March 26th. The company reported $0.02 earnings per share (EPS) for the quarter. Allied Gaming & Entertainment had a negative net margin of 46.98% and a negative return on equity of 4.17%. The company had revenue of $179.67 million for the quarter.

Hedge Funds Weigh In On Allied Gaming & Entertainment

An institutional investor recently bought a new position in Allied Gaming & Entertainment stock. Kure Advisory LLC purchased a new position in shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 32,457 shares of the company’s stock, valued at approximately $34,000. Kure Advisory LLC owned 0.09% of Allied Gaming & Entertainment at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.21% of the company’s stock.

Allied Gaming & Entertainment Company Profile

Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.