Super League Enterprise, Inc. (NASDAQ:SLE) Short Interest Up 185.1% in January

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 138,423 shares, a growth of 185.1% from the December 31st total of 48,554 shares. Based on an average daily trading volume, of 299,083 shares, the days-to-cover ratio is presently 0.5 days. Currently, 16.6% of the company’s stock are sold short. Currently, 16.6% of the company’s stock are sold short. Based on an average daily trading volume, of 299,083 shares, the days-to-cover ratio is presently 0.5 days.

Super League Enterprise Trading Up 8.9%

Shares of NASDAQ:SLE opened at $6.74 on Thursday. Super League Enterprise has a 52 week low of $4.66 and a 52 week high of $292.80. The firm has a market capitalization of $5.66 million, a P/E ratio of -0.02 and a beta of 1.85. The firm’s 50 day moving average is $8.60 and its two-hundred day moving average is $29.91.

Super League Enterprise (NASDAQ:SLE) last announced its quarterly earnings results on Friday, November 14th. The company reported ($27.60) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($33.96) by $6.36. The business had revenue of $2.42 million for the quarter, compared to analyst estimates of $3.40 million. Analysts predict that Super League Enterprise will post -2.16 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Super League Enterprise stock. Bank of America Corp DE lifted its holdings in Super League Enterprise, Inc. (NASDAQ:SLE) by 365,800.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,977 shares of the company’s stock after purchasing an additional 10,974 shares during the period. Bank of America Corp DE owned about 0.80% of Super League Enterprise worth $49,000 at the end of the most recent reporting period. 2.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on SLE shares. Aegis started coverage on shares of Super League Enterprise in a research note on Monday, November 10th. They set a “buy” rating on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Super League Enterprise in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.