Short Interest in Super League Enterprise, Inc. (NASDAQ:SLE) Decreases By 43.8%

Super League Enterprise, Inc. (NASDAQ:SLE) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 56,167 shares, a decline of 43.8% from the January 29th total of 99,904 shares. Based on an average daily volume of 33,433 shares, the short-interest ratio is presently 1.7 days. Currently, 6.8% of the company’s shares are short sold. Currently, 6.8% of the company’s shares are short sold. Based on an average daily volume of 33,433 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

A number of analysts recently weighed in on SLE shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Super League Enterprise in a research report on Thursday, January 22nd. Aegis initiated coverage on Super League Enterprise in a research note on Monday, November 10th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Super League Enterprise Price Performance

SLE stock opened at $4.02 on Friday. Super League Enterprise has a 12 month low of $3.25 and a 12 month high of $230.40. The firm’s 50-day moving average is $6.09 and its 200 day moving average is $22.13. The company has a market capitalization of $3.37 million, a PE ratio of -0.01 and a beta of 1.89.

Institutional Trading of Super League Enterprise

Large investors have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in Super League Enterprise by 365,800.0% during the 3rd 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 during the period. Mariner LLC purchased a new stake in shares of Super League Enterprise in the 4th quarter worth $45,000. Finally, Empery Asset Management LP bought a new position in shares of Super League Enterprise during the 4th quarter worth $763,000. Hedge funds and other institutional investors own 2.06% of the company’s stock.

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.