FaZe Holdings Inc. (NASDAQ:FAZE) Sees Large Increase in Short Interest

FaZe Holdings Inc. (NASDAQ:FAZE) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 426,100 shares, an increase of 18.6% from the August 15th total of 359,200 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 348,400 shares, the short-interest ratio is presently 1.2 days.

FaZe Price Performance

FAZE opened at $0.19 on Tuesday. FaZe has a 12 month low of $0.17 and a 12 month high of $14.97. The stock has a fifty day moving average price of $0.32 and a 200-day moving average price of $0.44.

FaZe (NASDAQ:FAZE) last announced its earnings results on Monday, August 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. FaZe had a negative net margin of 298.53% and a negative return on equity of 414.59%. The business had revenue of $11.69 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC acquired a new position in FaZe during the 1st quarter valued at about $26,000. Curated Wealth Partners LLC purchased a new stake in FaZe during the 1st quarter valued at about $33,000. Brown Advisory Inc. purchased a new stake in FaZe during the 1st quarter valued at about $36,000. Summit Trail Advisors LLC purchased a new stake in FaZe during the 2nd quarter valued at about $41,000. Finally, CIBC Asset Management Inc purchased a new stake in FaZe during the 1st quarter valued at about $45,000. 23.65% of the stock is owned by institutional investors and hedge funds.

FaZe Company Profile

FaZe Holdings Inc operates lifestyle and media platform in gaming and youth culture. The company produces content, designs merchandise and consumer products, and creates advertising and sponsorship programs for brands reaching approximately 528 million fans across social platforms. It designs and sells merchandise, apparels, and consumer products under the FaZe brand, as well as through website, www.fazeclan.com.