Allied Esports Entertainment Inc. (NASDAQ:AESE – Get Rating) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 465,700 shares, a growth of 26.0% from the April 15th total of 369,700 shares. Currently, 5.3% of the company’s stock are short sold. Based on an average daily trading volume, of 177,000 shares, the short-interest ratio is currently 2.6 days.
In related news, major shareholder Knighted Pastures Llc bought 171,824 shares of the company’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were purchased at an average cost of $1.82 per share, with a total value of $312,719.68. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 41.50% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Hudson Bay Capital Management LP purchased a new stake in shares of Allied Esports Entertainment in the third quarter valued at about $25,000. Citadel Advisors LLC purchased a new stake in shares of Allied Esports Entertainment in the fourth quarter valued at about $54,000. Western Wealth Management LLC boosted its holdings in shares of Allied Esports Entertainment by 100.0% in the first quarter. Western Wealth Management LLC now owns 30,000 shares of the company’s stock valued at $52,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Allied Esports Entertainment by 11.6% in the first quarter. Vanguard Group Inc. now owns 419,743 shares of the company’s stock valued at $724,000 after acquiring an additional 43,563 shares in the last quarter. 25.54% of the stock is currently owned by institutional investors.
About Allied Esports Entertainment (Get Rating)
Allied Esports Entertainment Inc, a premier public esports and entertainment company, engages in the Allied Esports and World Poker Tour (WPT) businesses worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.
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