Brera Holdings PLC (NASDAQ:SLMT) Short Interest Update

Brera Holdings PLC (NASDAQ:SLMT) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 321,879 shares, an increase of 63.6% from the June 30th total of 196,774 shares. Based on an average daily volume of 120,122 shares, the days-to-cover ratio is presently 2.7 days. Approximately 3.9% of the shares of the company are short sold.

Brera Stock Down 3.2%

SLMT stock opened at $3.92 on Friday. Brera has a 52-week low of $3.61 and a 52-week high of $529.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.50 and a quick ratio of 3.50. The company’s 50-day simple moving average is $9.66 and its 200-day simple moving average is $71.22.

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

Insider Transactions at Brera

In other Brera news, Director Keren Kalima Maimon purchased 1,149,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $4.97 per share, for a total transaction of $5,710,530.00. Following the acquisition, the director owned 1,336,868 shares in the company, valued at $6,644,233.96. This represents a 611.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ron Sade purchased 1,149,000 shares of Brera stock in a transaction on Thursday, May 21st. The shares were acquired at an average cost of $4.97 per share, with a total value of $5,710,530.00. Following the completion of the transaction, the chief executive officer directly owned 1,340,646 shares in the company, valued at $6,663,010.62. The trade was a 599.54% 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 business. Weiss Asset Management LP raised its stake in shares of Brera by 2.6% during the 1st quarter. Weiss Asset Management LP now owns 290,531 shares of the company’s stock worth $228,000 after buying an additional 7,266 shares during the period. HighTower Advisors LLC acquired a new stake in Brera in the 4th quarter valued at $28,000. Millennium Management LLC acquired a new stake in Brera in the 4th quarter valued at $41,000. Engineers Gate Manager LP purchased a new stake in Brera in the 4th quarter worth $62,000. Finally, PEAK6 LLC purchased a new stake in Brera in the 4th quarter worth $93,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.