High Roller Technologies, Inc. (NYSEAMERICAN:ROLR) Shares Shorted: Short Interest Down 43.8% in October

High Roller Technologies, Inc. (NYSEAMERICAN:ROLR) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 50,522 shares, a decrease of 43.8% from the September 30th total of 89,906 shares. Based on an average trading volume of 36,337 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.5% of the company’s stock are sold short.

Insider Buying and Selling

In other High Roller Technologies news, Director Daniel Waldemar Bradtke sold 5,000 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $6.16, for a total transaction of $30,800.00. Following the transaction, the director directly owned 29,979 shares in the company, valued at $184,670.64. This represents a 14.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.89% of the stock is owned by company insiders.

Hedge Funds Weigh In On High Roller Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of High Roller Technologies during the second quarter valued at approximately $609,000. Renaissance Technologies LLC bought a new stake in shares of High Roller Technologies in the 1st quarter worth approximately $222,000. Finally, Balefire LLC bought a new stake in shares of High Roller Technologies in the 2nd quarter worth approximately $59,000.

Analysts Set New Price Targets

Separately, Alliance Global Partners began coverage on shares of High Roller Technologies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, High Roller Technologies has an average rating of “Buy” and an average target price of $20.00.

High Roller Technologies Stock Performance

ROLR traded down $0.29 during trading hours on Friday, hitting $3.60. 86,021 shares of the stock were exchanged, compared to its average volume of 61,775. The stock has a 50-day simple moving average of $5.47 and a 200-day simple moving average of $5.86. High Roller Technologies has a 12 month low of $1.16 and a 12 month high of $33.68.

High Roller Technologies (NYSEAMERICAN:ROLR) last issued its earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share for the quarter. High Roller Technologies had a negative return on equity of 2.57% and a net margin of 10.83%. The business had revenue of $2.81 million for the quarter.

High Roller Technologies Company Profile

High Roller Technologies, Inc is an online gaming company that operates real-money casino platforms and related digital gaming services. Its business is focused on providing customers with internet-based casino games, including slots, table games and live-dealer experiences, through its online brands.

The company operates brands including High Roller Casino and 777 Casino, offering a range of gaming products designed for desktop and mobile users. Its platforms generally support multiple payment methods and are intended to provide access to online casino entertainment in markets where the company is licensed or otherwise permitted to operate.

High Roller Technologies serves customers in international markets, with operations subject to applicable gaming regulations, licensing requirements and jurisdictional restrictions.