Brag House Holdings, Inc. (NASDAQ:TBH) Sees Significant Decrease in Short Interest

Brag House Holdings, Inc. (NASDAQ:TBH) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 151,804 shares, a drop of 75.3% from the May 31st total of 614,612 shares. Based on an average trading volume of 114,149 shares, the days-to-cover ratio is currently 1.3 days. Currently, 4.5% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TBH. Wall Street Zen raised shares of Brag House from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brag House in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Brag House presently has a consensus rating of “Sell”.

Brag House Stock Performance

NASDAQ:TBH opened at $4.01 on Friday. Brag House has a 12-month low of $1.70 and a 12-month high of $19.49. The stock has a market capitalization of $13.55 million, a price-to-earnings ratio of -0.33 and a beta of 10.68. The company has a fifty day moving average of $5.00.

Hedge Funds Weigh In On Brag House

A hedge fund recently bought a new stake in Brag House stock. HRT Financial LP bought a new stake in Brag House Holdings, Inc. (NASDAQ:TBH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 73,400 shares of the company’s stock, valued at approximately $29,000. HRT Financial LP owned approximately 0.35% of Brag House as of its most recent SEC filing.

About Brag House

Brag House offers an integrated electronic video game sports, or esports, platform designed for casual gamers and their friends to experience the fun, passion, intensity and excitement of college sports rivalries in an organic, inclusive and personalized gaming environment, while creating authentic pathway for brands to connect with our Generation Z (“Gen Z”) audience. The vision for Brag House began with our founders — co-founder and Chief Executive Officer Lavell Juan Malloy, II and co-founder, Chief Operating Officer and Interim Chief Financial Officer Daniel Leibovich — who recognized a need in the gaming industry for an esports platform focused on the casual college gamer.