Super League Enterprise, Inc. (NASDAQ:SLE) Stock Short Interest Drops 44.4%

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 52,304 shares, a drop of 44.4% from the September 15th total of 94,109 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily volume of 193,882 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

SLE has been the subject of a number of research reports. Wall Street Zen raised shares of Super League Enterprise to a “hold” rating in a research note on Saturday, October 3rd. ThinkEquity initiated coverage on shares of Super League Enterprise in a research note on Monday, June 29th. They issued a “buy” rating on the stock. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Super League Enterprise in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Super League Enterprise Stock Performance

Shares of NASDAQ:SLE remained flat at $4.65 during trading on Thursday. The stock had a trading volume of 67,307 shares, compared to its average volume of 712,474. The stock has a fifty day moving average of $4.35 and a two-hundred day moving average of $3.82. The company has a market cap of $7.91 million, a PE ratio of -0.11 and a beta of 1.44. Super League Enterprise has a 12-month low of $2.12 and a 12-month high of $47.40.

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

About Super League Enterprise

Super League Enterprise Corp. (NASDAQ: SLE) is a digital entertainment and technology company that develops interactive experiences across popular online gaming and virtual-world platforms. The company helps brands, advertisers and entertainment properties engage audiences through games, immersive environments, social experiences and other forms of user-generated digital content.

Its services include the design and operation of branded experiences, virtual events, in-game and platform-based advertising, content production, and audience engagement programs.