Short Interest in Brera Holdings PLC (NASDAQ:SLMT) Decreases By 50.0%

Brera Holdings PLC (NASDAQ:SLMT) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 248,299 shares, a decline of 50.0% from the May 14th total of 497,070 shares. Based on an average daily volume of 166,897 shares, the days-to-cover ratio is currently 1.5 days. Currently, 3.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Brera in a report on Friday, April 10th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Brera has an average rating of “Sell”.

Insider Activity

In other news, CEO Ron Sade bought 1,149,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of $4.97 per share, with a total value of $5,710,530.00. Following the purchase, the chief executive officer owned 1,340,646 shares of the company’s stock, valued at $6,663,010.62. This trade represents a 599.54% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keren Kalima Maimon purchased 1,149,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $4.97 per share, with a total value of $5,710,530.00. Following the completion of the acquisition, the director directly owned 1,336,868 shares in the company, valued at $6,644,233.96. The trade was a 611.60% increase in their position. The SEC filing for this purchase provides additional information.

Institutional Trading of Brera

Several large investors have recently added to or reduced their stakes in the stock. ARK Investment Management LLC acquired a new stake in Brera in the 4th quarter valued at $16,998,000. Electric Capital Partners LLC acquired a new stake in Brera in the 4th quarter valued at $12,155,000. Anatole Investment Management Ltd acquired a new stake in Brera in the 4th quarter valued at $10,389,000. Alyeska Investment Group L.P. acquired a new stake in Brera in the 4th quarter valued at $5,293,000. Finally, Arrington Capital Management LLC acquired a new stake in Brera in the 4th quarter valued at $2,055,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

Brera Stock Performance

Shares of SLMT traded up $1.21 during trading hours on Monday, hitting $5.60. The stock had a trading volume of 524,299 shares, compared to its average volume of 99,481. The company has a current ratio of 3.50, a quick ratio of 3.50 and a debt-to-equity ratio of 0.02. The company’s fifty day simple moving average is $55.07 and its 200 day simple moving average is $121.36. Brera has a 12-month low of $4.28 and a 12-month high of $529.50.

Brera (NASDAQ:SLMT) last issued its earnings results on Saturday, May 16th. The company reported ($915.90) earnings per share for the quarter. The company had revenue of $2.47 million during the quarter.

Brera Company Profile

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.