Short Interest in Motorsport Games Inc. (NASDAQ:MSGM) Decreases By 67.7%

Motorsport Games Inc. (NASDAQ:MSGM) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 7,200 shares, a decline of 67.7% from the January 31st total of 22,300 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 35,400 shares, the days-to-cover ratio is presently 0.2 days.

Motorsport Games Trading Down 3.3 %

MSGM stock traded down $0.04 during trading on Friday, hitting $1.16. 10,515 shares of the company’s stock were exchanged, compared to its average volume of 483,179. The business has a 50-day moving average price of $1.33 and a two-hundred day moving average price of $1.28. The stock has a market capitalization of $4.38 million, a price-to-earnings ratio of 0.72 and a beta of 2.04. Motorsport Games has a 52-week low of $1.01 and a 52-week high of $4.16.

Institutional Investors Weigh In On Motorsport Games

A hedge fund recently bought a new stake in Motorsport Games stock. Citadel Advisors LLC acquired a new stake in Motorsport Games Inc. (NASDAQ:MSGM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 21,835 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned about 0.58% of Motorsport Games at the end of the most recent quarter. Institutional investors own 1.66% of the company’s stock.

About Motorsport Games

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.