Genius Sports Limited (NYSE:GENI – Get Rating) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 3,170,000 shares, a drop of 7.8% from the January 31st total of 3,440,000 shares. Based on an average trading volume of 858,300 shares, the short-interest ratio is presently 3.7 days. Approximately 2.8% of the shares of the company are sold short.
Genius Sports Stock Performance
Shares of GENI opened at $5.09 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.12 billion, a PE ratio of -9.25 and a beta of 1.98. The company’s 50 day simple moving average is $4.68 and its 200-day simple moving average is $4.46. Genius Sports has a 12-month low of $2.20 and a 12-month high of $5.82.
Hedge Funds Weigh In On Genius Sports
A number of hedge funds have recently modified their holdings of the business. State of Wyoming lifted its holdings in shares of Genius Sports by 18.0% during the fourth quarter. State of Wyoming now owns 18,761 shares of the company’s stock worth $67,000 after purchasing an additional 2,868 shares during the period. MBE Wealth Management LLC lifted its holdings in shares of Genius Sports by 25.3% during the third quarter. MBE Wealth Management LLC now owns 15,515 shares of the company’s stock worth $57,000 after purchasing an additional 3,135 shares during the period. Yorktown Management & Research Co Inc lifted its holdings in shares of Genius Sports by 10.1% during the third quarter. Yorktown Management & Research Co Inc now owns 43,600 shares of the company’s stock worth $160,000 after purchasing an additional 4,000 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Genius Sports by 13.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 34,762 shares of the company’s stock worth $128,000 after purchasing an additional 4,077 shares during the period. Finally, Altshuler Shaham Ltd acquired a new stake in shares of Genius Sports during the fourth quarter worth $35,000. 34.12% of the stock is currently owned by hedge funds and other institutional investors.
Genius Sports Company Profile
Genius Sports Limited develops and sells technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.
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