Esports Entertainment Group, Inc. (NASDAQ:GMBL – Get Free Report) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 1,450,000 shares, a growth of 198.8% from the July 31st total of 485,300 shares. Based on an average daily trading volume, of 4,760,000 shares, the short-interest ratio is presently 0.3 days.
Hedge Funds Weigh In On Esports Entertainment Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG purchased a new position in Esports Entertainment Group in the 1st quarter valued at approximately $27,000. Bank of New York Mellon Corp raised its holdings in shares of Esports Entertainment Group by 180.8% in the 1st 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 in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Esports Entertainment Group in the 2nd quarter valued at $43,000. Engineers Gate Manager LP raised its holdings in shares of Esports Entertainment Group by 87.0% in the 1st quarter. Engineers Gate Manager LP now owns 64,184 shares of the company’s stock valued at $46,000 after purchasing an additional 29,864 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Esports Entertainment Group by 29.0% in the 1st quarter. Vanguard Group Inc. now owns 303,916 shares of the company’s stock valued at $220,000 after purchasing an additional 68,351 shares in the last quarter. Hedge funds and other institutional investors own 1.43% of the company’s stock.
Esports Entertainment Group Price Performance
Shares of GMBL stock opened at $0.12 on Monday. Esports Entertainment Group has a 52 week low of $0.11 and a 52 week high of $51.90. The firm has a 50 day moving average of $0.70 and a two-hundred day moving average of $1.49.
Esports Entertainment Group Company Profile
Esports Entertainment Group, Inc operates as an iGaming and entertainment company in the United States and internationally. The company operates Vie.bet, an esports focused platform; Sportnation.bet, an online sportsbook and casino; iDefix, a casino-platform; Bethard, an online sportsbook and casino; Vie.gg, an online esports wagering website; and ggCircuit, a local area network center management software and services for managing mission critical functions, such as game licensing and payments.
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