Elys Game Technology, Corp. (NASDAQ:ELYS) Sees Large Drop in Short Interest

Elys Game Technology, Corp. (NASDAQ:ELYSGet Rating) saw a large drop in short interest in May. As of May 15th, there was short interest totalling 132,500 shares, a drop of 28.9% from the April 30th total of 186,300 shares. Based on an average daily volume of 196,100 shares, the short-interest ratio is currently 0.7 days. Currently, 0.9% of the shares of the stock are sold short.

Institutional investors and hedge funds have recently modified their holdings of the stock. Resources Investment Advisors LLC. bought a new position in Elys Game Technology during the fourth quarter valued at approximately $30,000. Royal Bank of Canada raised its position in Elys Game Technology by 42.0% during the second quarter. Royal Bank of Canada now owns 7,951 shares of the company’s stock valued at $32,000 after acquiring an additional 2,351 shares in the last quarter. GSA Capital Partners LLP bought a new position in Elys Game Technology during the fourth quarter valued at approximately $39,000. State Street Corp bought a new position in Elys Game Technology during the first quarter valued at approximately $42,000. Finally, Northern Trust Corp bought a new position in Elys Game Technology during the first quarter valued at approximately $65,000. 1.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ELYS opened at $1.08 on Friday. Elys Game Technology has a one year low of $0.90 and a one year high of $6.72. The company has a 50-day moving average of $1.76 and a two-hundred day moving average of $2.61. The stock has a market cap of $25.59 million, a price-to-earnings ratio of -1.44 and a beta of 4.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.07 and a quick ratio of 1.16.

Elys Game Technology (NASDAQ:ELYSGet Rating) last posted its quarterly earnings results on Tuesday, April 19th. The company reported ($0.91) earnings per share (EPS) for the quarter. The company had revenue of $11.67 million during the quarter. Elys Game Technology had a negative return on equity of 136.64% and a negative net margin of 38.99%. Analysts anticipate that Elys Game Technology will post -0.29 earnings per share for the current year.

Several research firms have recently weighed in on ELYS. Maxim Group reduced their price objective on shares of Elys Game Technology from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, May 20th. HC Wainwright reduced their price objective on shares of Elys Game Technology from $8.00 to $5.00 in a research report on Monday, May 2nd.

About Elys Game Technology (Get Rating)

Elys Game Technology, Corp. provides online and land-based gaming services in Europe and North America. It offers leisure betting products, including lottery, casino gaming, sports betting, online casino games, poker, bingo, virtual sports betting, and horse racing, as well as skilled and interactive games and slots; and operates betting platform software services for leisure betting establishments.

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