SharpLink Gaming, Inc. (NASDAQ:SBET) Short Interest Down 26.0% in March

SharpLink Gaming, Inc. (NASDAQ:SBET) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 45,200 shares, a decline of 26.0% from the February 28th total of 61,100 shares. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.7% of the shares of the stock are short sold.

SharpLink Gaming Price Performance

Shares of NASDAQ:SBET traded down $0.02 during trading on Monday, hitting $0.26. The company had a trading volume of 98,596 shares, compared to its average volume of 561,791. The company has a fifty day simple moving average of $0.41 and a two-hundred day simple moving average of $0.60. SharpLink Gaming has a one year low of $0.25 and a one year high of $1.47.

Institutional Investors Weigh In On SharpLink Gaming

A hedge fund recently bought a new stake in SharpLink Gaming stock. Value Base Ltd. bought a new stake in shares of SharpLink Gaming, Inc. (NASDAQ:SBET) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 73,001 shares of the company’s stock, valued at approximately $47,000. SharpLink Gaming accounts for 0.0% of Value Base Ltd.’s holdings, making the stock its 7th largest holding. Value Base Ltd. owned about 2.03% of SharpLink Gaming at the end of the most recent reporting period. Institutional investors own 13.75% of the company’s stock.

About SharpLink Gaming

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.