Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Sees Large Increase in Short Interest

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE - Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 276,700 shares, an increase of 76.6% from the May 15th total of 156,700 shares. Based on an average trading volume of 238,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 2.9% of the company's shares are short sold.

Allied Gaming & Entertainment Trading Down 12.4%

Shares of AGAE opened at $3.11 on Friday. Allied Gaming & Entertainment has a twelve month low of $0.70 and a twelve month high of $3.79. The company's fifty day simple moving average is $1.80 and its 200-day simple moving average is $1.26. The company has a market cap of $137.17 million, a P/E ratio of -11.52 and a beta of 1.73.

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.

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