Super League Gaming (NASDAQ:SLGG) Short Interest Update

Super League Gaming (NASDAQ:SLGG) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 123,400 shares, an increase of 10.6% from the September 30th total of 111,600 shares. Based on an average daily trading volume, of 57,800 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.7% of the company’s stock are short sold.

In other news, Director Mark Jung purchased 6,608 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were acquired at an average cost of $3.83 per share, with a total value of $25,308.64. Over the last ninety days, insiders have purchased 51,372 shares of company stock worth $773,881.

Several large investors have recently bought and sold shares of SLGG. Morgan Stanley purchased a new stake in shares of Super League Gaming during the second quarter worth $36,000. Tiedemann Advisors LLC purchased a new stake in shares of Super League Gaming during the third quarter worth $48,000. Creative Planning purchased a new stake in shares of Super League Gaming during the third quarter worth $53,000. BlackRock Inc. purchased a new stake in shares of Super League Gaming during the second quarter worth $60,000. Finally, Founders Financial Securities LLC purchased a new stake in shares of Super League Gaming during the second quarter worth $92,000. Hedge funds and other institutional investors own 11.54% of the company’s stock.

Separately, ValuEngine downgraded Super League Gaming from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Super League Gaming presently has a consensus rating of “Buy” and an average target price of $13.31.

SLGG stock traded down $0.03 during trading on Friday, reaching $2.96. 65,800 shares of the stock were exchanged, compared to its average volume of 74,598. The firm’s 50 day moving average is $3.75 and its 200 day moving average is $6.26. Super League Gaming has a twelve month low of $2.69 and a twelve month high of $11.55.

Super League Gaming (NASDAQ:SLGG) last posted its earnings results on Wednesday, November 13th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.07). The business had revenue of $0.35 million during the quarter, compared to analysts’ expectations of $0.30 million. Equities analysts predict that Super League Gaming will post -2.91 earnings per share for the current year.

Super League Gaming Company Profile

Super League Gaming, Inc operates an esports community and content platform. The company through its platform connects a network of gamers, venues, and brand partners to enable local, social, and competitive esports that could be broadcasted through its platform. The company was formerly known as Nth Games, Inc and changed its name to Super League Gaming, Inc in July 2015.

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