Short Interest in Brera Holdings PLC (NASDAQ:SLMT) Expands By 63.6%

Brera Holdings PLC (NASDAQ:SLMT) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 321,879 shares, a growth of 63.6% from the June 30th total of 196,774 shares. Based on an average trading volume of 120,122 shares, the short-interest ratio is presently 2.7 days. Approximately 3.9% of the company’s shares are short sold.

Insider Buying and Selling at Brera

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

Institutional Investors Weigh In On Brera

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Weiss Asset Management LP boosted its position in Brera by 2.6% in the 1st quarter. Weiss Asset Management LP now owns 290,531 shares of the company’s stock valued at $228,000 after buying an additional 7,266 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Brera during the fourth quarter valued at about $312,000. PEAK6 LLC purchased a new stake in shares of Brera during the fourth quarter worth about $93,000. Aristides Capital LLC purchased a new stake in shares of Brera during the fourth quarter worth about $166,000. Finally, XTX Topco Ltd acquired a new position in shares of Brera in the fourth quarter worth about $161,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Brera in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Brera currently has an average rating of “Sell”.

Brera Stock Performance

Shares of NASDAQ:SLMT opened at $3.92 on Friday. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.02. Brera has a 52-week low of $3.61 and a 52-week high of $529.50. The company has a 50 day moving average of $9.66 and a two-hundred day moving average of $71.22.

Brera (NASDAQ:SLMT) last posted its quarterly earnings data on Saturday, May 16th. The company reported ($91.22) earnings per share (EPS) for the quarter.

About Brera

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.