Allied Gaming & Entertainment Inc. (NASDAQ:AGAE - Get Free Report) saw a large increase in short interest in 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 short-interest ratio is presently 1.2 days. Approximately 2.9% of the shares of the stock are short sold.
Allied Gaming & Entertainment Stock Up 1.9%
Shares of Allied Gaming & Entertainment stock traded up $0.05 during mid-day trading on Wednesday, hitting $2.65. The stock had a trading volume of 64,827 shares, compared to its average volume of 105,945. The firm has a 50-day moving average of $1.91 and a two-hundred day moving average of $1.29. Allied Gaming & Entertainment has a 12-month low of $0.70 and a 12-month high of $3.79. The firm has a market cap of $100.75 million, a P/E ratio of -9.81 and a beta of 1.75.
About Allied Gaming & Entertainment
(
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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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