GAN Limited (NASDAQ:GAN) Short Interest Up 107.8% in January

GAN Limited (NASDAQ:GAN) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 125,100 shares, a growth of 107.8% from the December 31st total of 60,200 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 206,700 shares, the days-to-cover ratio is currently 0.6 days.

GAN Price Performance

Shares of GAN stock remained flat at $1.89 during trading hours on Friday. The stock had a trading volume of 230,007 shares, compared to its average volume of 163,662. The stock has a market capitalization of $86.13 million, a P/E ratio of -6.30 and a beta of 1.96. GAN has a fifty-two week low of $1.17 and a fifty-two week high of $1.90. The company’s fifty day simple moving average is $1.85 and its two-hundred day simple moving average is $1.77.

GAN (NASDAQ:GAN) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.04 EPS for the quarter. The firm had revenue of $37.10 million during the quarter.

Institutional Trading of GAN

Large investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in GAN by 3.0% in the second quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock worth $1,147,000 after purchasing an additional 22,700 shares during the period. Geode Capital Management LLC lifted its stake in GAN by 2.2% during the third quarter. Geode Capital Management LLC now owns 436,926 shares of the company’s stock valued at $774,000 after buying an additional 9,260 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of GAN in the third quarter worth about $3,676,000. Finally, Ridgewood Investments LLC purchased a new position in shares of GAN in the fourth quarter worth approximately $95,000. Institutional investors and hedge funds own 16.67% of the company’s stock.

About GAN

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.