GAN Limited (NASDAQ:GAN) Short Interest Up 49.9% in December

GAN Limited (NASDAQ:GAN) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 98,200 shares, a growth of 49.9% from the November 30th total of 65,500 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 200,800 shares, the days-to-cover ratio is presently 0.5 days.

GAN Stock Down 0.8 %

Shares of GAN stock traded down $0.02 on Monday, hitting $1.82. 108,045 shares of the company’s stock traded hands, compared to its average volume of 175,614. The stock has a market cap of $82.71 million, a P/E ratio of -6.05 and a beta of 1.99. GAN has a 52-week low of $1.17 and a 52-week high of $1.87. The firm’s 50-day moving average is $1.82 and its 200 day moving average is $1.70.

GAN (NASDAQ:GAN) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $37.10 million for the quarter.

Institutional Investors Weigh In On GAN

A number of institutional investors and hedge funds have recently modified their holdings of GAN. Oddo BHF Asset Management Sas purchased a new position in GAN during the 3rd quarter worth approximately $3,676,000. Geode Capital Management LLC boosted its holdings in shares of GAN by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 436,926 shares of the company’s stock worth $774,000 after buying an additional 9,260 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in GAN during the 2nd quarter valued at approximately $479,000. Finally, Renaissance Technologies LLC increased its position in GAN by 3.0% during the second quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock worth $1,147,000 after acquiring an additional 22,700 shares during the period. Institutional investors and hedge funds own 16.67% of the company’s stock.

GAN Company Profile

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.