GameSquare Holdings, Inc. (NASDAQ:GAME) Short Interest Update

Key Points

• Short interest rose 221.4% in April to 8,509,517 shares, about 9.4% of the float, though the short‑interest ratio is just 0.2 days because of very high average daily trading volume.
• Shares trade near $0.60 with a market cap of roughly $57M; the company reported quarterly EPS of $(0.04) and has a negative net margin (~60%) and negative ROE (~54%).
• Institutional ownership is high (~64%) with several large funds adding positions, while analysts’ consensus remains a "Sell" after recent downgrades.

GameSquare Holdings, Inc. (NASDAQ:GAME - Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 8,509,517 shares, an increase of 221.4% from the March 31st total of 2,647,513 shares. Approximately 9.4% of the company's shares are sold short. Based on an average daily trading volume, of 34,246,543 shares, the short-interest ratio is currently 0.2 days.

GameSquare Price Performance

NASDAQ GAME traded down $0.01 during trading hours on Friday, hitting $0.60. The company had a trading volume of 3,083,811 shares, compared to its average volume of 21,422,480. GameSquare has a fifty-two week low of $0.24 and a fifty-two week high of $2.87. The company has a market capitalization of $57.17 million, a price-to-earnings ratio of -1.09 and a beta of 0.82. The firm's 50 day moving average is $0.33 and its 200 day moving average is $0.44.

GameSquare (NASDAQ:GAME - Get Free Report) last announced its quarterly earnings results on Wednesday, April 8th. The entertainment company reported ($0.04) earnings per share (EPS) for the quarter. GameSquare had a negative net margin of 60.09% and a negative return on equity of 54.32%. The company had revenue of $18.46 million during the quarter. On average, equities analysts anticipate that GameSquare will post -0.1 EPS for the current year.

Institutional Trading of GameSquare

Large investors have recently added to or reduced their stakes in the stock. Polar Asset Management Partners Inc. acquired a new stake in GameSquare in the 3rd quarter valued at $1,358,000. B Group Inc. purchased a new position in GameSquare in the 3rd quarter valued at about $170,000. Geode Capital Management LLC boosted its position in GameSquare by 16.6% in the 4th quarter. Geode Capital Management LLC now owns 970,853 shares of the entertainment company's stock valued at $374,000 after buying an additional 138,361 shares during the last quarter. UBS Group AG boosted its position in GameSquare by 275,329.0% in the 3rd quarter. UBS Group AG now owns 1,669,100 shares of the entertainment company's stock valued at $1,133,000 after buying an additional 1,668,494 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in GameSquare by 353.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company's stock valued at $2,908,000 after buying an additional 3,339,080 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on GAME. Zacks Research downgraded GameSquare from a "hold" rating to a "strong sell" rating in a report on Friday, April 10th. Weiss Ratings restated a "sell (e+)" rating on shares of GameSquare in a report on Tuesday. Finally, Wall Street Zen upgraded GameSquare to a "hold" rating in a report on Saturday. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".

About GameSquare

GameSquare Inc NASDAQ: GAME is a digital media and marketing company focused on the global gaming and esports industries. The company operates a network of online properties and community platforms that deliver editorial content, live event coverage, and video programming to enthusiasts and consumers. GameSquare's offerings span both traditional gaming titles and competitive esports leagues, enabling advertisers and brand partners to engage with a diverse and highly engaged audience.

Through its flagship Enthusiast Gaming network, GameSquare oversees a portfolio of more than 35 websites and digital channels, including long-standing properties such as Destructoid, The Escapist and Daily Esports.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.