Super League Enterprise, Inc. (NASDAQ:SLE) Shares Shorted: Short Interest Up 72.6% in October

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 90,280 shares, an increase of 72.6% from the September 30th total of 52,304 shares. Currently, 5.5% of the company’s shares are short sold. Based on an average trading volume of 75,407 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Super League Enterprise stock. SBI Securities Co. Ltd. boosted its position in shares of Super League Enterprise, Inc. (NASDAQ:SLE) by 737,900.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,380 shares of the company’s stock after acquiring an additional 7,379 shares during the period. SBI Securities Co. Ltd. owned 0.44% of Super League Enterprise worth $41,000 at the end of the most recent quarter. 2.06% of the stock is owned by institutional investors.

Super League Enterprise Price Performance

Shares of SLE opened at $4.42 on Tuesday. The company has a market capitalization of $7.51 million, a price-to-earnings ratio of -0.11 and a beta of 1.44. Super League Enterprise has a fifty-two week low of $2.12 and a fifty-two week high of $17.52. The business’s 50-day moving average is $4.77 and its 200-day moving average is $4.19.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SLE shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Super League Enterprise in a research report on Thursday, October 15th. Wall Street Zen raised Super League Enterprise to a “hold” rating in a research report on Saturday, October 3rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Super League Enterprise currently has a consensus rating of “Hold”.

Super League Enterprise Company Profile

Super League Enterprise, Inc is a digital media and technology company that develops and operates entertainment experiences across popular video game and immersive virtual-world platforms. The company helps brands, advertisers, game publishers and other partners reach gaming audiences through interactive content, community programs and virtual experiences.

Its services include the creation of branded activations, virtual events, original gaming content, social and community programming, and advertising solutions.