Short Interest in Super League Gaming, Inc. (NASDAQ:SLGG) Decreases By 25.1%

Super League Gaming, Inc. (NASDAQ:SLGGGet Rating) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 655,800 shares, a drop of 25.1% from the April 15th total of 875,500 shares. Based on an average daily trading volume, of 271,700 shares, the days-to-cover ratio is presently 2.4 days.

Shares of Super League Gaming stock traded down $0.07 on Wednesday, reaching $1.28. The company had a trading volume of 1,931 shares, compared to its average volume of 173,977. The firm’s 50-day moving average price is $1.69 and its two-hundred day moving average price is $2.28. Super League Gaming has a 1 year low of $0.98 and a 1 year high of $6.33.

Super League Gaming (NASDAQ:SLGGGet Rating) last announced its earnings results on Monday, May 16th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.07. During the same period in the previous year, the firm posted ($0.23) earnings per share. Sell-side analysts predict that Super League Gaming will post -0.79 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. RB Capital Management LLC lifted its stake in shares of Super League Gaming by 17.5% during the 4th quarter. RB Capital Management LLC now owns 33,616 shares of the company’s stock worth $79,000 after acquiring an additional 5,000 shares during the last quarter. Geode Capital Management LLC raised its position in Super League Gaming by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 194,058 shares of the company’s stock valued at $603,000 after purchasing an additional 5,516 shares in the last quarter. State Street Corp raised its position in Super League Gaming by 9.3% during the 1st quarter. State Street Corp now owns 96,662 shares of the company’s stock valued at $182,000 after purchasing an additional 8,198 shares in the last quarter. Morgan Stanley raised its position in Super League Gaming by 84.6% during the 2nd quarter. Morgan Stanley now owns 18,066 shares of the company’s stock valued at $97,000 after purchasing an additional 8,281 shares in the last quarter. Finally, Northern Trust Corp raised its position in Super League Gaming by 19.9% during the 4th quarter. Northern Trust Corp now owns 54,415 shares of the company’s stock valued at $128,000 after purchasing an additional 9,034 shares in the last quarter. 13.13% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the company. Maxim Group reissued a “buy” rating and set a $8.00 target price on shares of Super League Gaming in a research note on Friday, February 11th. HC Wainwright reissued a “buy” rating and set a $4.00 target price on shares of Super League Gaming in a research note on Tuesday. Finally, Zacks Investment Research cut Super League Gaming from a “buy” rating to a “hold” rating in a report on Saturday, March 19th.

About Super League Gaming (Get Rating)

Super League Gaming, Inc builds and operates networks of games, monetization tools, and content channels across metaverse gaming platforms that empower developers, energize players, and entertain fans. The company's solutions provide access to an audience consisting of players in the metaverse environments, fans of various gaming influencers, and viewers of gameplay content across social media and digital video platforms.

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