Super League Enterprise, Inc. (NASDAQ:SLE) Stock Short Interest Climbs 72.6%

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 90,280 shares, an increase of 72.6% from the September 30th total of 52,304 shares. Currently, 5.5% of the shares of the company are sold short. Based on an average daily volume of 75,407 shares, the days-to-cover ratio is presently 1.2 days.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Super League Enterprise in a research report on Thursday, October 15th. Wall Street Zen raised shares of Super League Enterprise to a “hold” rating in a report on Saturday, October 3rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Super League Enterprise Trading Up 1.1%

Shares of SLE opened at $4.47 on Wednesday. The company has a market cap of $7.60 million, a PE ratio of -0.11 and a beta of 1.45. The stock has a 50-day moving average price of $4.77 and a 200-day moving average price of $4.17. Super League Enterprise has a 12-month low of $2.12 and a 12-month high of $17.40.

Super League Enterprise (NASDAQ:SLE) last issued its quarterly earnings results on Friday, August 14th. The company reported ($2.70) EPS for the quarter, missing analysts’ consensus estimates of ($1.42) by ($1.28). Super League Enterprise had a negative return on equity of 201.00% and a negative net margin of 185.60%. The company had revenue of $3.01 million during the quarter, compared to the consensus estimate of $3.40 million.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Super League Enterprise stock. SBI Securities Co. Ltd. raised its position in shares of Super League Enterprise, Inc. (NASDAQ:SLE) by 737,900.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,380 shares of the company’s stock after purchasing an additional 7,379 shares during the period. SBI Securities Co. Ltd. owned approximately 0.44% of Super League Enterprise worth $41,000 at the end of the most recent reporting period. 2.06% of the stock is owned by institutional investors.

About Super League Enterprise

Super League Enterprise, Inc is a digital media and technology company that develops and operates entertainment experiences across popular video game and immersive virtual-world platforms. The company helps brands, advertisers, game publishers and other partners reach gaming audiences through interactive content, community programs and virtual experiences.

Its services include the creation of branded activations, virtual events, original gaming content, social and community programming, and advertising solutions.