Esports Entertainment Group, Inc. (NASDAQ:GMBL) Sees Significant Increase in Short Interest

Esports Entertainment Group, Inc. (NASDAQ:GMBLGet Free Report) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 274,700 shares, an increase of 13.0% from the January 31st total of 243,000 shares. Currently, 25.9% of the company’s stock are sold short. Based on an average daily trading volume, of 756,400 shares, the days-to-cover ratio is presently 0.4 days.

Esports Entertainment Group Trading Up 17.3 %

GMBL stock opened at $0.95 on Wednesday. Esports Entertainment Group has a 1 year low of $0.55 and a 1 year high of $1,316.00. The stock has a 50-day simple moving average of $2.44 and a 200-day simple moving average of $19.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GMBL. Bank of New York Mellon Corp boosted its holdings in Esports Entertainment Group by 180.8% in the first quarter. Bank of New York Mellon Corp now owns 56,276 shares of the company’s stock valued at $41,000 after purchasing an additional 36,236 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Esports Entertainment Group by 29.0% during the 1st quarter. Vanguard Group Inc. now owns 303,916 shares of the company’s stock worth $220,000 after buying an additional 68,351 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Esports Entertainment Group by 458.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,205,260 shares of the company’s stock worth $871,000 after buying an additional 989,507 shares during the last quarter. UBS Group AG bought a new position in Esports Entertainment Group during the 1st quarter worth approximately $27,000. Finally, Engineers Gate Manager LP raised its position in shares of Esports Entertainment Group by 87.0% during the 1st quarter. Engineers Gate Manager LP now owns 64,184 shares of the company’s stock worth $46,000 after purchasing an additional 29,864 shares during the period. Hedge funds and other institutional investors own 1.94% of the company’s stock.

Esports Entertainment Group Company Profile

(Get Free Report)

Esports Entertainment Group, Inc operates as an iGaming and entertainment company in the United States and internationally. It operates through two segments, EEG iGaming and EEG Games. The EEG iGaming segment operates iDefix, a casino platform. The EEG Games segment operates ggCircuit, a local area network center management software and services for managing mission critical functions, such as game licensing and payments; and creates esports content for distribution to the betting industry.

Featured Stories

Receive News & Ratings for Esports Entertainment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esports Entertainment Group and related companies with MarketBeat.com's FREE daily email newsletter.