Sharplink Gaming Inc. (NASDAQ:SBET - Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 5,380,000 shares, anincreaseof159.9% from the June 30th total of 2,070,000 shares. Approximately5.4% of the company's stock are short sold. Based on an average trading volume of 20,070,000 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 20,070,000 shares, the short-interest ratio is currently 0.3 days. Approximately5.4% of the company's stock are short sold.
Sharplink Gaming Stock Performance
SBET stock opened at $17.14 on Monday. Sharplink Gaming has a twelve month low of $2.26 and a twelve month high of $124.12. The stock's 50 day moving average is $24.74 and its 200-day moving average is $11.39.
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. Sharplink Gaming had a negative net margin of 94.08% and a negative return on equity of 162.25%. The company had revenue of $0.74 million during the quarter.
Insider Activity at Sharplink Gaming
In other news, CEO Rob Phythian purchased 44,640 shares of the business's stock in a transaction on Friday, May 30th. The shares were acquired at an average price of $6.72 per share, for a total transaction of $299,980.80. Following the completion of the acquisition, the chief executive officer owned 57,349 shares in the company, valued at approximately $385,385.28. The trade was a 351.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert Michael Delucia bought 7,440 shares of the company's stock in a transaction dated Friday, May 30th. The stock was bought at an average price of $6.72 per share, for a total transaction of $49,996.80. Following the acquisition, the chief financial officer directly owned 14,107 shares of the company's stock, valued at approximately $94,799.04. This represents a 111.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. 10.50% of the stock is currently owned by corporate insiders.
Sharplink Gaming Company Profile
(
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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.
Further Reading
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