Super League Enterprise, Inc. (NASDAQ:SLE) Sees Large Increase in Short Interest

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 87,400 shares, a growth of 70.4% from the January 15th total of 51,300 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 120,300 shares, the short-interest ratio is presently 0.7 days.

Super League Enterprise Stock Up 4.9 %

SLE stock traded up $0.03 during mid-day trading on Thursday, hitting $0.54. The company had a trading volume of 116,719 shares, compared to its average volume of 84,937. The company has a 50-day moving average price of $0.61 and a 200 day moving average price of $0.82. Super League Enterprise has a 12-month low of $0.50 and a 12-month high of $2.84. The company has a market capitalization of $8.33 million, a price-to-earnings ratio of -0.10 and a beta of 1.74.

Hedge Funds Weigh In On Super League Enterprise

An institutional investor recently bought a new position in Super League Enterprise stock. United Asset Strategies Inc. bought a new position in Super League Enterprise, Inc. (NASDAQ:SLE) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 40,000 shares of the company’s stock, valued at approximately $25,000. United Asset Strategies Inc. owned about 0.26% of Super League Enterprise as of its most recent SEC filing. 2.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright decreased their target price on Super League Enterprise from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th.

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.