Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Short Interest Up 76.6% in May

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 276,700 shares, a growth of 76.6% from the May 15th total of 156,700 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average daily trading volume, of 238,000 shares, the short-interest ratio is currently 1.2 days.

Allied Gaming & Entertainment Stock Performance

NASDAQ:AGAE opened at $3.04 on Tuesday. The stock’s 50 day moving average price is $1.84 and its 200 day moving average price is $1.27. Allied Gaming & Entertainment has a 52 week low of $0.70 and a 52 week high of $3.79. The company has a market capitalization of $115.58 million, a P/E ratio of -11.26 and a beta of 1.75.

Allied Gaming & Entertainment Company Profile

Allied Gaming & Entertainment, Inc operates as an experiential entertainment company, which engages in the creation of esports venues and live events for both video games and poker. The company was founded in 2017 and is headquartered in New York, NY.