Super League Enterprise, Inc. (NASDAQ:SLE) Sees Significant Decline in Short Interest

Super League Enterprise, Inc. (NASDAQ:SLE) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 22,437 shares, a decrease of 47.8% from the April 15th total of 42,989 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily volume of 15,106 shares, the short-interest ratio is currently 1.5 days.

Hedge Funds Weigh In On Super League Enterprise

Hedge funds have recently modified their holdings of the business. Mariner LLC purchased a new position in Super League Enterprise in the 4th quarter valued at $45,000. Bank of America Corp DE raised its position in Super League Enterprise by 365,800.0% during the 3rd quarter. Bank of America Corp DE now owns 10,977 shares of the company’s stock worth $49,000 after buying an additional 10,974 shares during the last quarter. Finally, Empery Asset Management LP acquired a new stake in shares of Super League Enterprise in the 4th quarter worth $763,000. 2.06% of the stock is currently owned by hedge funds and other institutional investors.

Super League Enterprise Price Performance

Shares of SLE traded down $1.17 during mid-day trading on Monday, reaching $4.87. 629,353 shares of the company’s stock were exchanged, compared to its average volume of 583,400. The stock has a market capitalization of $7.16 million, a PE ratio of -0.05 and a beta of 1.53. The business’s fifty day simple moving average is $4.12 and its 200-day simple moving average is $7.02. Super League Enterprise has a 52-week low of $3.22 and a 52-week high of $139.01.

Super League Enterprise (NASDAQ:SLE) last announced its earnings results on Friday, May 15th. The company reported ($1.77) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.92) by $0.15. The business had revenue of $3.00 million for the quarter, compared to analyst estimates of $2.80 million. Super League Enterprise had a negative net margin of 171.90% and a negative return on equity of 525.60%. During the same period last year, the firm posted ($199.79) earnings per share. Equities research analysts predict that Super League Enterprise will post -7.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Super League Enterprise in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Super League Enterprise presently has a consensus rating of “Hold”.

About Super League Enterprise

Super League Enterprise, Inc creates and publishes content and media solutions across immersive platforms in the United States and internationally. The company offers access to audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn, and create. It also provides a range of development, distribution, monetization, and optimization capabilities designed to engage users through dynamic and energized programs. Its proprietary cloud-based platform offers dynamic media technology; metaverse game experience and tournament technology; and fully remote production and livestream broadcast technology.