Super League Enterprise, Inc. (NASDAQ:SLE) Sees Large Growth in Short Interest

Super League Enterprise, Inc. (NASDAQ:SLE) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 36,380 shares, an increase of 116.3% from the May 31st total of 16,818 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average trading volume of 71,102 shares, the short-interest ratio is currently 0.5 days.

Super League Enterprise Price Performance

Shares of Super League Enterprise stock traded up $0.17 during trading hours on Wednesday, reaching $3.14. The company had a trading volume of 5,798 shares, compared to its average volume of 459,827. Super League Enterprise has a one year low of $2.93 and a one year high of $137.16. The business has a fifty day simple moving average of $3.80 and a 200 day simple moving average of $4.93. The firm has a market cap of $5.06 million, a PE ratio of -0.03 and a beta of 1.51.

Super League Enterprise (NASDAQ:SLE) last announced its quarterly earnings results on Friday, May 15th. The company reported ($1.77) earnings per share for the quarter, beating the consensus estimate of ($1.92) by $0.15. The firm had revenue of $3.00 million for the quarter, compared to analysts’ expectations of $2.80 million. Super League Enterprise had a negative return on equity of 308.07% and a negative net margin of 171.90%.During the same period in the prior year, the business posted ($199.79) earnings per share. On average, research analysts forecast that Super League Enterprise will post -8.76 EPS for the current year.

Hedge Funds Weigh In On Super League Enterprise

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mariner LLC purchased a new stake in shares of Super League Enterprise in the 4th quarter valued at about $45,000. Bank of America Corp DE grew its holdings in shares of Super League Enterprise by 365,800.0% during the third quarter. Bank of America Corp DE now owns 10,977 shares of the company’s stock worth $49,000 after purchasing an additional 10,974 shares in the last quarter. Finally, Empery Asset Management LP bought a new position in shares of Super League Enterprise in the fourth quarter worth approximately $763,000. 2.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SLE has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Super League Enterprise in a research note on Tuesday, April 21st. ThinkEquity began coverage on shares of Super League Enterprise in a research report on Monday. They set a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Super League Enterprise

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.