Motorsport Games Inc. (NASDAQ:MSGM) Short Interest Update

Motorsport Games Inc. (NASDAQ:MSGM) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 9,800 shares, a decline of 32.9% from the February 28th total of 14,600 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 34,100 shares, the days-to-cover ratio is currently 0.3 days.

Motorsport Games Trading Up 1.8 %

Motorsport Games stock traded up $0.02 during midday trading on Friday, reaching $1.11. 25,916 shares of the stock traded hands, compared to its average volume of 482,574. The firm has a market cap of $4.19 million, a PE ratio of 0.69 and a beta of 2.06. The company has a 50-day simple moving average of $1.28 and a two-hundred day simple moving average of $1.28. Motorsport Games has a 12-month low of $1.01 and a 12-month high of $4.16.

Motorsport Games (NASDAQ:MSGM) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.41). Motorsport Games had a net margin of 52.74% and a return on equity of 215.50%. The business had revenue of $1.97 million during the quarter, compared to analysts’ expectations of $3.30 million. During the same period in the previous year, the business posted $0.97 EPS.

Hedge Funds Weigh In On Motorsport Games

A hedge fund recently bought a new stake in Motorsport Games stock. Citadel Advisors LLC purchased a new position in shares of Motorsport Games Inc. (NASDAQ:MSGM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,835 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 0.58% of Motorsport Games at the end of the most recent reporting period. Institutional investors own 1.66% of the company’s stock.

About Motorsport Games

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.