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

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 145,315 shares, a growth of 441.6% from the August 15th total of 26,831 shares. Approximately 8.6% of the company’s shares are short sold. Based on an average daily volume of 6,711,483 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SLE shares. ThinkEquity assumed coverage on shares of Super League Enterprise in a research report on Monday, June 29th. They set a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Super League Enterprise in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Trading of Super League Enterprise

Several large investors have recently bought and sold shares of SLE. Mariner LLC acquired a new position in shares of Super League Enterprise during the fourth quarter worth $45,000. Empery Asset Management LP acquired a new stake in Super League Enterprise during the 4th quarter valued at $763,000. Finally, Bank of America Corp DE grew its holdings 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 valued at $49,000 after purchasing an additional 10,974 shares in the last quarter. Institutional investors and hedge funds own 2.06% of the company’s stock.

Super League Enterprise Trading Up 7.4%

NASDAQ:SLE traded up $0.34 during mid-day trading on Friday, hitting $4.91. The company had a trading volume of 342,482 shares, compared to its average volume of 3,993,487. The business has a fifty day simple moving average of $3.36 and a 200-day simple moving average of $3.70. The firm has a market capitalization of $8.35 million, a price-to-earnings ratio of -0.12 and a beta of 1.55. Super League Enterprise has a 1 year low of $2.12 and a 1 year high of $137.16.

Super League Enterprise (NASDAQ:SLE) last posted its earnings results on Friday, August 14th. The company reported ($2.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.42) by ($1.28). The company had revenue of $3.01 million during the quarter, compared to analyst estimates of $3.40 million. Super League Enterprise had a negative net margin of 185.60% and a negative return on equity of 201.00%.

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.