Short Interest in Super League Enterprise, Inc. (NASDAQ:SLE) Declines By 27.8%

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 99,904 shares, a decrease of 27.8% from the January 15th total of 138,423 shares. Based on an average daily trading volume, of 636,263 shares, the days-to-cover ratio is presently 0.2 days. Approximately 12.0% of the shares of the stock are short sold. Approximately 12.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 636,263 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on SLE. Aegis initiated coverage on shares of Super League Enterprise in a research note on Monday, November 10th. They issued a “buy” rating on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Super League Enterprise in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Trading of Super League Enterprise

An institutional investor recently raised its position in Super League Enterprise stock. Bank of America Corp DE increased its position in shares of Super League Enterprise, Inc. (NASDAQ:SLE) by 365,800.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,977 shares of the company’s stock after acquiring an additional 10,974 shares during the period. Bank of America Corp DE owned about 0.80% of Super League Enterprise worth $49,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 2.06% of the company’s stock.

Super League Enterprise Trading Up 5.4%

Shares of SLE stock opened at $4.33 on Friday. Super League Enterprise has a twelve month low of $4.02 and a twelve month high of $278.35. The company’s 50-day moving average price is $7.24 and its 200-day moving average price is $25.35. The stock has a market cap of $3.63 million, a price-to-earnings ratio of -0.01 and a beta of 1.89.

Super League Enterprise (NASDAQ:SLE) last released its quarterly earnings data on Friday, November 14th. The company reported ($27.60) earnings per share (EPS) for the quarter, topping the consensus estimate of ($33.96) by $6.36. The firm had revenue of $2.42 million for the quarter, compared to analyst estimates of $3.40 million. As a group, equities research analysts predict that Super League Enterprise will post -2.16 EPS for the current year.

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.