Brag House Holdings, Inc. (NASDAQ:TBH) Sees Significant Decrease in Short Interest

Brag House Holdings, Inc. (NASDAQ:TBH) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 151,804 shares, a decline of 75.3% from the May 31st total of 614,612 shares. Approximately 4.5% of the company’s stock are sold short. Based on an average daily volume of 114,149 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of Brag House

A hedge fund recently bought a new stake in Brag House stock. HRT Financial LP bought a new stake in Brag House Holdings, Inc. (NASDAQ:TBH) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 73,400 shares of the company’s stock, valued at approximately $29,000. HRT Financial LP owned 0.35% of Brag House as of its most recent SEC filing.

Brag House Price Performance

Shares of NASDAQ:TBH opened at $4.01 on Friday. The stock’s fifty day moving average is $5.00. Brag House has a 12 month low of $1.70 and a 12 month high of $19.49. The firm has a market cap of $13.55 million, a price-to-earnings ratio of -0.33 and a beta of 10.68.

Wall Street Analysts Forecast Growth

TBH has been the topic of a number of analyst reports. Wall Street Zen upgraded Brag House from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brag House in a research report on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Brag House has an average rating of “Sell”.

About Brag House

Brag House offers an integrated electronic video game sports, or esports, platform designed for casual gamers and their friends to experience the fun, passion, intensity and excitement of college sports rivalries in an organic, inclusive and personalized gaming environment, while creating authentic pathway for brands to connect with our Generation Z (“Gen Z”) audience. The vision for Brag House began with our founders — co-founder and Chief Executive Officer Lavell Juan Malloy, II and co-founder, Chief Operating Officer and Interim Chief Financial Officer Daniel Leibovich — who recognized a need in the gaming industry for an esports platform focused on the casual college gamer.