Brera Holdings PLC (NASDAQ:SLMT) Short Interest Update

Brera Holdings PLC (NASDAQ:SLMT) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 321,879 shares, an increase of 63.6% from the June 30th total of 196,774 shares. Approximately 3.9% of the company’s shares are sold short. Based on an average trading volume of 120,122 shares, the short-interest ratio is presently 2.7 days.

Brera Stock Performance

Shares of SLMT stock opened at $4.05 on Friday. The company’s fifty day moving average price is $10.78 and its 200-day moving average price is $71.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.50 and a current ratio of 3.50. Brera has a 12 month low of $3.61 and a 12 month high of $529.50.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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.com, the stock presently has a consensus rating of “Sell”.

Insider Buying and Selling at Brera

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

Institutional Investors Weigh In On Brera

Hedge funds have recently added to or reduced their stakes in the stock. ARK Investment Management LLC purchased a new position in shares of Brera in the 4th quarter worth about $16,998,000. Electric Capital Partners LLC bought a new stake in shares of Brera during the fourth quarter valued at approximately $12,155,000. Anatole Investment Management Ltd bought a new position in Brera in the 4th quarter valued at approximately $10,389,000. Alyeska Investment Group L.P. bought a new stake in shares of Brera in the 4th quarter worth $5,293,000. Finally, Arrington Capital Management LLC purchased a new position in shares of Brera in the fourth quarter worth $2,055,000. 68.26% of the stock is owned by institutional investors.

About Brera

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.