Super League Enterprise, Inc. (NASDAQ:SLE) Stock Short Interest Drops 44.4%

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 52,304 shares, a decrease of 44.4% from the September 15th total of 94,109 shares. Based on an average daily volume of 193,882 shares, the short-interest ratio is presently 0.3 days. Currently, 3.2% of the shares of the company are sold short.

Analysts Set New Price Targets

SLE has been the subject of several recent research reports. Wall Street Zen raised shares of Super League Enterprise to a “hold” rating in a report on Saturday, October 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Super League Enterprise in a research note on Friday, July 17th. Finally, ThinkEquity assumed coverage on shares of Super League Enterprise in a report on Monday, June 29th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Super League Enterprise has an average rating of “Hold”.

Super League Enterprise Price Performance

Shares of Super League Enterprise stock remained flat at $4.65 on Thursday. The company had a trading volume of 67,307 shares, compared to its average volume of 712,474. Super League Enterprise has a 1 year low of $2.12 and a 1 year high of $47.40. The firm’s 50-day moving average is $4.35 and its two-hundred day moving average is $3.82. The firm has a market cap of $7.91 million, a P/E ratio of -0.11 and a beta of 1.44.

Super League Enterprise (NASDAQ:SLE) last released its quarterly earnings results on Friday, August 14th. The company reported ($2.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.42) by ($1.28). Super League Enterprise had a negative return on equity of 201.00% and a negative net margin of 185.60%. The business had revenue of $3.01 million during the quarter, compared to analyst estimates of $3.40 million.

Super League Enterprise Company Profile

Super League Enterprise Corp. (NASDAQ: SLE) is a digital entertainment and technology company that develops interactive experiences across popular online gaming and virtual-world platforms. The company helps brands, advertisers and entertainment properties engage audiences through games, immersive environments, social experiences and other forms of user-generated digital content.

Its services include the design and operation of branded experiences, virtual events, in-game and platform-based advertising, content production, and audience engagement programs.