Esports Entertainment Group, Inc. (NASDAQ:GMBL) Short Interest Update

Esports Entertainment Group, Inc. (NASDAQ:GMBLGet Rating) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,220,000 shares, an increase of 26.5% from the March 15th total of 964,800 shares. Based on an average trading volume of 1,480,000 shares, the short-interest ratio is currently 0.8 days.

Shares of NASDAQ GMBL opened at $0.60 on Tuesday. The stock has a market cap of $15.51 million, a PE ratio of -0.25 and a beta of 0.93. The business has a fifty day moving average of $1.28 and a two-hundred day moving average of $3.58. Esports Entertainment Group has a 52-week low of $0.60 and a 52-week high of $14.39.

A number of equities research analysts have weighed in on GMBL shares. HC Wainwright decreased their price target on shares of Esports Entertainment Group from $14.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Roth Capital downgraded shares of Esports Entertainment Group from a “buy” rating to a “neutral” rating in a research note on Thursday, February 24th. Zacks Investment Research downgraded shares of Esports Entertainment Group from a “hold” rating to a “sell” rating in a research note on Friday, February 25th. Finally, Benchmark decreased their price target on shares of Esports Entertainment Group from $20.00 to $4.00 and set a “speculative buy” rating on the stock in a research note on Wednesday, February 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.00.

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG raised its holdings in shares of Esports Entertainment Group by 54.5% in the third quarter. UBS Group AG now owns 5,369 shares of the company’s stock valued at $36,000 after buying an additional 1,895 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Esports Entertainment Group by 7.5% in the third quarter. Geode Capital Management LLC now owns 129,289 shares of the company’s stock valued at $867,000 after buying an additional 8,974 shares during the last quarter. Morgan Stanley raised its holdings in shares of Esports Entertainment Group by 422.5% in the first quarter. Morgan Stanley now owns 12,175 shares of the company’s stock valued at $182,000 after buying an additional 9,845 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Esports Entertainment Group by 18.2% in the fourth quarter. International Assets Investment Management LLC now owns 64,450 shares of the company’s stock valued at $226,000 after buying an additional 9,925 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of Esports Entertainment Group in the third quarter valued at about $75,000. 12.72% of the stock is owned by institutional investors.

About Esports Entertainment Group (Get Rating)

Esports Entertainment Group, Inc operates as an iGaming and entertainment company in the United States and internationally. The company operates Vie.bet, an esports focused platform; Sportnation.bet, an online sportsbook and casino; iDefix, a casino-platform; Bethard, an online sportsbook and casino; Vie.gg, an online esports wagering website; and ggCircuit, a local area network center management software for managing mission critical functions, such as game licensing and payments.

Further Reading

Receive News & Ratings for Esports Entertainment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esports Entertainment Group and related companies with MarketBeat.com's FREE daily email newsletter.