Super League Enterprise, Inc. (NASDAQ:SLE) Sees Significant Decline in Short Interest

Super League Enterprise, Inc. (NASDAQ:SLE) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 54,561 shares, a decrease of 15.7% from the February 26th total of 64,737 shares. Currently, 6.6% of the company’s shares are sold short. Based on an average daily trading volume, of 17,410 shares, the short-interest ratio is presently 3.1 days.

Institutional Investors Weigh In On Super League Enterprise

Several hedge funds and other institutional investors have recently modified their holdings of SLE. Bank of America Corp DE raised its position in shares of Super League Enterprise by 365,800.0% during the third quarter. Bank of America Corp DE now owns 10,977 shares of the company’s stock worth $49,000 after purchasing an additional 10,974 shares during the period. Mariner LLC acquired a new stake in Super League Enterprise in the 4th quarter valued at $45,000. Finally, Empery Asset Management LP bought a new stake in Super League Enterprise during the 4th quarter valued at $763,000. Institutional investors own 2.06% of the company’s stock.

Super League Enterprise Price Performance

SLE stock opened at $3.70 on Monday. The company’s 50-day moving average is $4.76 and its 200-day moving average is $16.84. The stock has a market capitalization of $3.11 million, a PE ratio of -0.02 and a beta of 1.90. Super League Enterprise has a 1 year low of $3.25 and a 1 year high of $196.80.

Super League Enterprise (NASDAQ:SLE) last issued its earnings results on Friday, March 27th. The company reported ($9.44) EPS for the quarter, missing analysts’ consensus estimates of ($3.12) by ($6.32). The company had revenue of $3.20 million during the quarter, compared to analyst estimates of $3.71 million. On average, analysts anticipate that Super League Enterprise will post -2.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Super League Enterprise in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Super League Enterprise has an average rating of “Hold”.

About Super League Enterprise

Super League Enterprise, Inc creates and publishes content and media solutions across immersive platforms in the United States and internationally. The company offers access to audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn, and create. It also provides a range of development, distribution, monetization, and optimization capabilities designed to engage users through dynamic and energized programs. Its proprietary cloud-based platform offers dynamic media technology; metaverse game experience and tournament technology; and fully remote production and livestream broadcast technology.