Allied Gaming & Entertainment Inc. (NASDAQ:AGAE – Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 198,100 shares, a decrease of 15.7% from the August 31st total of 235,100 shares. Based on an average daily volume of 107,100 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.7% of the shares of the company are sold short.
Allied Gaming & Entertainment Trading Up 3.8 %
NASDAQ:AGAE opened at $1.35 on Friday. The stock has a market cap of $61.45 million, a price-to-earnings ratio of -15.00 and a beta of 1.36. The stock has a 50-day moving average price of $1.34 and a two-hundred day moving average price of $1.08. Allied Gaming & Entertainment has a 1 year low of $0.61 and a 1 year high of $1.57.
Allied Gaming & Entertainment (NASDAQ:AGAE – Get Free Report) last released its earnings results on Monday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $2.64 million for the quarter. Allied Gaming & Entertainment had a negative return on equity of 7.27% and a negative net margin of 79.30%.
Insider Activity at Allied Gaming & Entertainment
Institutional Investors Weigh In On Allied Gaming & Entertainment
A hedge fund recently raised its stake in Allied Gaming & Entertainment stock. Innealta Capital LLC lifted its position in shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAE – Free Report) by 100.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,582 shares of the company’s stock after acquiring an additional 58,791 shares during the quarter. Innealta Capital LLC owned approximately 0.27% of Allied Gaming & Entertainment worth $119,000 at the end of the most recent reporting period. 3.21% of the stock is owned by hedge funds and other institutional investors.
About Allied Gaming & Entertainment
Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.
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