Short Interest in Brera Holdings PLC (NASDAQ:SLMT) Declines By 45.1%

Brera Holdings PLC (NASDAQ:SLMT) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 196,774 shares, a decline of 45.1% from the June 15th total of 358,350 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average trading volume of 82,916 shares, the days-to-cover ratio is currently 2.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Brera in a research report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Brera Stock Performance

Shares of SLMT stock traded down $0.21 on Friday, reaching $5.18. The company had a trading volume of 15,830 shares, compared to its average volume of 99,238. The business’s 50-day moving average is $21.13 and its 200 day moving average is $85.28. Brera has a one year low of $4.28 and a one year high of $529.50. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.02.

Brera (NASDAQ:SLMT) last announced its quarterly earnings results on Saturday, May 16th. The company reported ($91.22) earnings per share (EPS) for the quarter.

Insider Transactions at Brera

In other Brera news, CEO Ron Sade purchased 1,149,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $4.97 per share, with a total value of $5,710,530.00. Following the completion of the transaction, the chief executive officer owned 1,340,646 shares in the company, valued at $6,663,010.62. The trade was a 599.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keren Kalima Maimon acquired 1,149,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $4.97 per share, with a total value of $5,710,530.00. Following the purchase, the director directly owned 1,336,868 shares in the company, valued at approximately $6,644,233.96. This represents a 611.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Institutional Trading of Brera

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Weiss Asset Management LP increased its holdings in shares of Brera by 2.6% during the first quarter. Weiss Asset Management LP now owns 290,531 shares of the company’s stock worth $228,000 after buying an additional 7,266 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Brera during the 4th quarter valued at $28,000. Millennium Management LLC acquired a new stake in shares of Brera during the 4th quarter valued at $41,000. Engineers Gate Manager LP bought a new stake in Brera during the 4th quarter worth $62,000. Finally, PEAK6 LLC bought a new stake in Brera during the 4th quarter worth $93,000. Institutional investors own 68.26% of the company’s stock.

Brera Company Profile

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.