SharpLink Gaming, Inc. (NASDAQ:SBET - Get Free Report) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 20,400 shares, a decrease of 36.3% from the April 30th total of 32,000 shares. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 3.2% of the shares of the stock are short sold.
SharpLink Gaming Stock Down 27.8%
Shares of SBET traded down $21.33 during trading hours on Monday, hitting $55.37. The stock had a trading volume of 4,098,948 shares, compared to its average volume of 472,319. The company's fifty day moving average is $7.43 and its two-hundred day moving average is $6.86. SharpLink Gaming has a 52 week low of $2.26 and a 52 week high of $124.12.
SharpLink Gaming (NASDAQ:SBET - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($1.73) earnings per share for the quarter. The firm had revenue of $0.74 million for the quarter.
Institutional Investors Weigh In On SharpLink Gaming
A hedge fund recently bought a new stake in SharpLink Gaming stock. Tallon Kerry Patrick bought a new stake in shares of SharpLink Gaming, Inc. (NASDAQ:SBET - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 42,663 shares of the company's stock, valued at approximately $29,000. Tallon Kerry Patrick owned 1.19% of SharpLink Gaming at the end of the most recent quarter. 13.75% of the stock is owned by institutional investors and hedge funds.
About SharpLink Gaming
(
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SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.
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