Esports Entertainment Group, Inc. (NASDAQ:GMBL – Get Rating) was the target of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 5,660,000 shares, an increase of 28.6% from the December 15th total of 4,400,000 shares. Based on an average daily volume of 4,280,000 shares, the short-interest ratio is presently 1.3 days.
Esports Entertainment Group Stock Up 12.5 %
Shares of GMBL opened at $0.08 on Friday. The stock has a 50 day moving average of $0.10 and a 200 day moving average of $0.23. Esports Entertainment Group has a 12 month low of $0.07 and a 12 month high of $3.70.
Esports Entertainment Group (NASDAQ:GMBL – Get Rating) last posted its quarterly earnings results on Monday, November 14th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.05. The firm had revenue of $9.61 million during the quarter, compared to analyst estimates of $11.25 million. Esports Entertainment Group had a negative return on equity of 2,169.41% and a negative net margin of 338.81%. Research analysts predict that Esports Entertainment Group will post -0.31 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several research firms have recently issued reports on GMBL. Maxim Group downgraded shares of Esports Entertainment Group from a “buy” rating to a “hold” rating in a research note on Friday, September 30th. HC Wainwright downgraded shares of Esports Entertainment Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 6th.
Esports Entertainment Group Company Profile
Esports Entertainment Group, Inc operates as an online gambling platform. It offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience. It operates through the following geographical segments: Antigua, Malta, Curacao and United States.
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