Short Interest in Super League Gaming (NASDAQ:SLGG) Declines By 60.5%
Super League Gaming (NASDAQ:SLGG) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 57,300 shares, a decrease of 60.5% from the July 31st total of 144,900 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 37,800 shares, the short-interest ratio is presently 1.5 days.
Separately, Zacks Investment Research lowered shares of Super League Gaming from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.
Shares of NASDAQ SLGG traded up $0.28 during trading on Friday, hitting $5.08. 400 shares of the company traded hands, compared to its average volume of 58,608. The firm has a fifty day moving average of $6.20. Super League Gaming has a fifty-two week low of $3.90 and a fifty-two week high of $11.55.
In related news, Director Mark Jung acquired 6,044 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were purchased at an average price of $8.19 per share, for a total transaction of $49,500.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Several large investors have recently bought and sold shares of SLGG. Morgan Stanley purchased a new position in Super League Gaming in the second quarter valued at about $36,000. BlackRock Inc. acquired a new stake in Super League Gaming during the 2nd quarter valued at approximately $60,000. Founders Financial Securities LLC acquired a new stake in Super League Gaming during the 2nd quarter valued at approximately $92,000. Royal Bank of Canada acquired a new stake in Super League Gaming during the 2nd quarter valued at approximately $216,000. Finally, Boston Advisors LLC grew its stake in Super League Gaming by 94.2% during the 2nd quarter. Boston Advisors LLC now owns 64,324 shares of the company’s stock valued at $550,000 after purchasing an additional 31,202 shares in the last quarter. 11.44% of the stock is owned by institutional investors.
About Super League Gaming
Super League Gaming, Inc operates an esports community and content platform. The company through its platform connects a network of gamers, venues, and brand partners to enable local, social, and competitive esports that could be broadcasted through its platform. The company was formerly known as Nth Games, Inc and changed its name to Super League Gaming, Inc in July 2015.
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