Super League Enterprise, Inc. (NASDAQ:SLE) Short Interest Up 625.6% in December

Super League Enterprise, Inc. (NASDAQ:SLE) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 251,856 shares, an increase of 625.6% from the November 30th total of 34,712 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 286,208 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 286,208 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.2% of the company’s shares are sold short.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Aegis started coverage on shares of Super League Enterprise in a research report on Monday, November 10th. They set a “buy” rating on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Super League Enterprise in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Super League Enterprise Stock Down 2.7%

NASDAQ:SLE traded down $0.02 during trading hours on Friday, reaching $0.61. 48,512 shares of the stock were exchanged, compared to its average volume of 645,163. Super League Enterprise has a twelve month low of $0.55 and a twelve month high of $33.20. The business has a 50-day moving average of $1.20 and a two-hundred day moving average of $3.23. The company has a market capitalization of $7.11 million, a price-to-earnings ratio of -0.02 and a beta of 1.94.

Super League Enterprise (NASDAQ:SLE) last posted its quarterly earnings data on Friday, November 14th. The company reported ($2.30) EPS for the quarter, beating the consensus estimate of ($2.83) by $0.53. Super League Enterprise had a negative net margin of 130.97% and a negative return on equity of 1,169.11%. The business had revenue of $2.42 million during the quarter, compared to analyst estimates of $3.40 million. On average, research analysts forecast that Super League Enterprise will post -2.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Super League Enterprise

A hedge fund recently raised its stake in Super League Enterprise stock. Bank of America Corp DE increased its stake in shares of Super League Enterprise, Inc. (NASDAQ:SLE) by 365,800.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,977 shares of the company’s stock after buying an additional 10,974 shares during the quarter. Bank of America Corp DE owned about 0.80% of Super League Enterprise worth $49,000 at the end of the most recent quarter. 2.06% of the stock is currently owned by hedge funds and other institutional investors.

Super League Enterprise Company Profile

Super League Enterprise, Inc creates and publishes content and media solutions across immersive platforms in the United States and internationally. The company offers access to audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn, and create. It also provides a range of development, distribution, monetization, and optimization capabilities designed to engage users through dynamic and energized programs. Its proprietary cloud-based platform offers dynamic media technology; metaverse game experience and tournament technology; and fully remote production and livestream broadcast technology.