GAN Limited (NASDAQ:GAN) Short Interest Update

GAN Limited (NASDAQ:GAN) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 70,500 shares, an increase of 24.1% from the March 15th total of 56,800 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 234,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On GAN

Several large investors have recently made changes to their positions in GAN. Geode Capital Management LLC lifted its holdings in GAN by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 436,926 shares of the company’s stock valued at $774,000 after purchasing an additional 9,260 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of GAN in the fourth quarter valued at approximately $36,000. Jane Street Group LLC bought a new position in shares of GAN in the fourth quarter valued at approximately $55,000. AssuredPartners Investment Advisors LLC acquired a new position in shares of GAN in the 4th quarter worth approximately $62,000. Finally, Ridgewood Investments LLC bought a new stake in GAN during the 4th quarter worth approximately $95,000. Institutional investors own 16.67% of the company’s stock.

GAN Stock Performance

Shares of NASDAQ:GAN traded up $0.01 during midday trading on Friday, reaching $1.74. 79,894 shares of the company’s stock were exchanged, compared to its average volume of 180,651. The company’s 50 day simple moving average is $1.75 and its two-hundred day simple moving average is $1.80. GAN has a 12 month low of $1.17 and a 12 month high of $1.90. The firm has a market capitalization of $79.69 million, a PE ratio of -5.80 and a beta of 1.88.

GAN (NASDAQ:GAN) last posted its earnings results on Monday, March 17th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The company had revenue of $31.69 million during the quarter, compared to analyst estimates of $41.11 million. During the same period in the previous year, the business earned ($0.21) EPS.

GAN Company Profile

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.