Brera Holdings PLC (NASDAQ:SLMT) Short Interest Down 45.1% in June

Brera Holdings PLC (NASDAQ:SLMT) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 196,774 shares, a decrease of 45.1% from the June 15th total of 358,350 shares. Based on an average daily volume of 82,916 shares, the days-to-cover ratio is currently 2.4 days. Approximately 2.4% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Brera in a report on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other Brera news, CEO Ron Sade acquired 1,149,000 shares of the stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $4.97 per share, for a total transaction of $5,710,530.00. Following the completion of the acquisition, the chief executive officer owned 1,340,646 shares in the company, valued at approximately $6,663,010.62. This represents a 599.54% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Keren Kalima Maimon acquired 1,149,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average cost of $4.97 per share, for a total transaction of $5,710,530.00. Following the completion of the purchase, the director directly owned 1,336,868 shares of the company’s stock, valued at approximately $6,644,233.96. This represents a 611.60% increase in their position. The SEC filing for this purchase provides additional information.

Institutional Trading of Brera

Institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC purchased a new position in Brera during the fourth quarter worth about $28,000. Geode Capital Management LLC purchased a new stake in Brera in the 4th quarter valued at about $95,000. State of Wyoming purchased a new stake in Brera in the 4th quarter valued at about $116,000. ARK Investment Management LLC bought a new position in shares of Brera during the 4th quarter worth approximately $16,998,000. Finally, Aristides Capital LLC purchased a new position in shares of Brera in the 4th quarter worth approximately $166,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

Brera Price Performance

Shares of NASDAQ:SLMT traded down $0.27 during mid-day trading on Thursday, hitting $5.39. 44,201 shares of the company traded hands, compared to its average volume of 99,905. The stock has a 50-day moving average price of $22.34 and a two-hundred day moving average price of $86.72. Brera has a 12-month low of $4.28 and a 12-month high of $529.50. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.02.

Brera (NASDAQ:SLMT) last released its quarterly earnings results on Saturday, May 16th. The company reported ($91.22) EPS for the quarter.

Brera Company Profile

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.