Short Interest in SharpLink Gaming, Inc. (NASDAQ:SBET) Decreases By 60.8%

SharpLink Gaming, Inc. (NASDAQ:SBET) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 17,700 shares, a decrease of 60.8% from the March 15th total of 45,200 shares. Based on an average daily trading volume, of 1,760,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.3% of the company’s stock are short sold.

SharpLink Gaming Stock Down 3.3 %

NASDAQ:SBET traded down $0.01 during trading hours on Wednesday, hitting $0.23. The stock had a trading volume of 64,796 shares, compared to its average volume of 651,938. The business has a 50 day simple moving average of $0.36 and a two-hundred day simple moving average of $0.56. SharpLink Gaming has a 1-year low of $0.19 and a 1-year high of $1.39.

Institutional Investors Weigh In On SharpLink Gaming

An institutional investor recently bought a new position in SharpLink Gaming stock. Tallon Kerry Patrick purchased a new stake in SharpLink Gaming, Inc. (NASDAQ:SBET) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,663 shares of the company’s stock, valued at approximately $29,000. Tallon Kerry Patrick owned approximately 1.19% of SharpLink Gaming at the end of the most recent reporting period. Institutional investors and hedge funds own 13.75% of the company’s stock.

About SharpLink Gaming

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.