Short Interest in Super League Enterprise, Inc. (NASDAQ:SLE) Expands By 116.3%

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 36,380 shares, an increase of 116.3% from the May 31st total of 16,818 shares. Based on an average daily trading volume, of 71,102 shares, the short-interest ratio is presently 0.5 days. Approximately 2.3% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. ThinkEquity initiated coverage on Super League Enterprise in a research note on Monday. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Super League Enterprise in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Super League Enterprise currently has an average rating of “Hold”.

Institutional Investors Weigh In On Super League Enterprise

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mariner LLC acquired a new position in Super League Enterprise in the fourth quarter worth $45,000. Bank of America Corp DE increased its stake in shares of Super League Enterprise by 365,800.0% in the third quarter. Bank of America Corp DE now owns 10,977 shares of the company’s stock valued at $49,000 after buying an additional 10,974 shares in the last quarter. Finally, Empery Asset Management LP acquired a new stake in shares of Super League Enterprise in the fourth quarter valued at $763,000. 2.06% of the stock is owned by institutional investors and hedge funds.

Super League Enterprise Stock Down 0.7%

NASDAQ:SLE opened at $3.05 on Tuesday. The firm has a market cap of $4.91 million, a PE ratio of -0.03 and a beta of 1.51. Super League Enterprise has a 12 month low of $2.93 and a 12 month high of $137.16. The company’s 50-day moving average price is $3.83 and its two-hundred day moving average price is $4.98.

Super League Enterprise (NASDAQ:SLE) last posted its quarterly earnings data on Friday, May 15th. The company reported ($1.77) earnings per share for the quarter, topping the consensus estimate of ($1.92) by $0.15. Super League Enterprise had a negative net margin of 171.90% and a negative return on equity of 308.07%. The company had revenue of $3.00 million during the quarter, compared to analyst estimates of $2.80 million. During the same quarter last year, the business posted ($199.79) earnings per share. On average, research analysts expect that Super League Enterprise will post -8.76 EPS for the current fiscal year.

About Super League Enterprise

Super League Enterprise, Inc creates and publishes content and media solutions across immersive platforms in the United States and internationally. The company offers access to audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn, and create. It also provides a range of development, distribution, monetization, and optimization capabilities designed to engage users through dynamic and energized programs. Its proprietary cloud-based platform offers dynamic media technology; metaverse game experience and tournament technology; and fully remote production and livestream broadcast technology.