Short Interest in SharpLink Gaming, Inc. (NASDAQ:SBET) Expands By 1,449.6%

SharpLink Gaming, Inc. (NASDAQ:SBET) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 206,100 shares, an increase of 1,449.6% from the January 15th total of 13,300 shares. Based on an average daily trading volume, of 1,700,000 shares, the short-interest ratio is currently 0.1 days. Currently, 3.9% of the shares of the company are short sold.

SharpLink Gaming Stock Performance

Shares of NASDAQ SBET traded up $0.02 during midday trading on Wednesday, hitting $0.52. 1,320,121 shares of the company’s stock were exchanged, compared to its average volume of 2,542,491. SharpLink Gaming has a 12 month low of $0.33 and a 12 month high of $1.68. The company’s 50 day moving average price is $0.61 and its 200 day moving average price is $0.67.

Institutional Investors Weigh In On SharpLink Gaming

An institutional investor recently bought a new position in SharpLink Gaming stock. Value Base Ltd. purchased a new stake in SharpLink Gaming, Inc. (NASDAQ:SBET) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 73,001 shares of the company’s stock, valued at approximately $47,000. SharpLink Gaming accounts for about 0.0% of Value Base Ltd.’s portfolio, making the stock its 7th biggest position. Value Base Ltd. owned about 2.03% of SharpLink Gaming at the end of the most recent reporting period. Institutional investors and hedge funds 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.