Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Short Interest Down 9.5% in January

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 128,500 shares, a decline of 9.5% from the January 15th total of 142,000 shares. Based on an average daily volume of 27,100 shares, the days-to-cover ratio is currently 4.7 days. Approximately 1.3% of the company’s shares are short sold.

Allied Gaming & Entertainment Stock Up 2.6 %

NASDAQ:AGAE opened at $1.00 on Monday. Allied Gaming & Entertainment has a 52 week low of $0.61 and a 52 week high of $1.57. The company has a market capitalization of $43.89 million, a P/E ratio of -3.69 and a beta of 1.44. The stock’s fifty day moving average is $0.91 and its two-hundred day moving average is $1.12.

Institutional Investors Weigh In On Allied Gaming & Entertainment

An institutional investor recently raised its position in Allied Gaming & Entertainment stock. Geode Capital Management LLC raised its holdings in Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) by 19.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 216,856 shares of the company’s stock after purchasing an additional 35,385 shares during the quarter. Geode Capital Management LLC owned 0.49% of Allied Gaming & Entertainment worth $297,000 as of its most recent SEC filing. 3.21% of the stock is owned by hedge funds and other institutional investors.

Allied Gaming & Entertainment Company Profile

Allied Gaming & Entertainment, Inc operates as an experiential entertainment company, which engages in the creation of esports venues and live events for both video games and poker. The company was founded in 2017 and is headquartered in New York, NY.