Super League Enterprise, Inc. (NASDAQ:SLE) Short Interest Up 15.3% in February

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 64,737 shares, a growth of 15.3% from the February 12th total of 56,167 shares. Based on an average daily volume of 23,575 shares, the days-to-cover ratio is presently 2.7 days. Approximately 7.8% of the company’s stock are sold short. Approximately 7.8% of the company’s stock are sold short. Based on an average daily volume of 23,575 shares, the days-to-cover ratio is presently 2.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Super League Enterprise in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Super League Enterprise Trading Up 0.4%

Shares of NASDAQ SLE opened at $5.14 on Thursday. The company has a fifty day moving average price of $5.33 and a 200 day moving average price of $18.58. The firm has a market cap of $4.32 million, a PE ratio of -0.01 and a beta of 1.90. Super League Enterprise has a 1-year low of $3.25 and a 1-year high of $215.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. 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 buying an additional 10,974 shares in the last quarter. Mariner LLC bought a new stake in Super League Enterprise in the 4th quarter valued at approximately $45,000. Finally, Empery Asset Management LP acquired a new position in Super League Enterprise during the 4th quarter worth approximately $763,000. 2.06% of the stock is owned by institutional investors and hedge funds.

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.