GAN Limited (NASDAQ:GAN - Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 498,800 shares, an increase of 12.8% from the March 31st total of 442,100 shares. Based on an average daily volume of 190,000 shares, the short-interest ratio is currently 2.6 days.
Institutional Investors Weigh In On GAN
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC purchased a new stake in shares of GAN in the 4th quarter worth about $169,000. FNY Investment Advisers LLC purchased a new position in shares of GAN during the fourth quarter valued at approximately $292,000. Cannon Global Investment Management LLC purchased a new stake in shares of GAN in the 4th quarter worth approximately $75,000. Ingalls & Snyder LLC grew its stake in shares of GAN by 510.0% in the 3rd quarter. Ingalls & Snyder LLC now owns 66,180 shares of the company's stock worth $77,000 after buying an additional 55,330 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in GAN by 5,788.6% during the 4th quarter. Gabelli Funds LLC now owns 989,282 shares of the company's stock valued at $1,563,000 after buying an additional 972,482 shares in the last quarter. 16.67% of the stock is owned by hedge funds and other institutional investors.
GAN Price Performance
NASDAQ:GAN traded up $0.01 during mid-day trading on Wednesday, reaching $1.19. 64,246 shares of the company's stock traded hands, compared to its average volume of 203,359. The company has a 50 day moving average price of $1.35 and a 200-day moving average price of $1.42. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 20.32. GAN has a 12-month low of $0.83 and a 12-month high of $2.07.
GAN (NASDAQ:GAN - Get Free Report) last announced its earnings results on Wednesday, March 13th. The company reported ($0.21) EPS for the quarter. The business had revenue of $30.72 million for the quarter. GAN had a negative net margin of 26.61% and a negative return on equity of 323.71%.
About GAN
(
Get Free Report)
GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider GAN, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GAN wasn't on the list.
While GAN currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
