Super League Enterprise, Inc. (NASDAQ:SLE) Short Interest Up 441.6% in August

Super League Enterprise, Inc. (NASDAQ:SLE) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 145,315 shares, an increase of 441.6% from the August 15th total of 26,831 shares. Based on an average daily volume of 6,711,483 shares, the short-interest ratio is presently 0.0 days. Approximately 8.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Super League Enterprise

Several institutional investors have recently bought and sold shares of SLE. Empery Asset Management LP bought a new position in Super League Enterprise during the 4th quarter worth approximately $763,000. Mariner LLC bought a new stake in Super League Enterprise in the fourth quarter valued at approximately $45,000. Finally, Bank of America Corp DE boosted its stake in shares of Super League Enterprise by 365,800.0% during the third quarter. Bank of America Corp DE now owns 10,977 shares of the company’s stock valued at $49,000 after purchasing an additional 10,974 shares during the period. 2.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SLE has been the topic of several recent research reports. ThinkEquity assumed coverage on Super League Enterprise in a research report on Monday, June 29th. They set a “buy” rating on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Super League Enterprise in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Super League Enterprise has an average rating of “Hold”.

Super League Enterprise Stock Performance

Shares of SLE stock traded up $0.45 on Friday, hitting $5.02. 121,762 shares of the company’s stock traded hands, compared to its average volume of 790,180. The stock has a market capitalization of $8.54 million, a price-to-earnings ratio of -0.12 and a beta of 1.55. The company’s fifty day simple moving average is $3.32 and its 200 day simple moving average is $3.69. Super League Enterprise has a one year low of $2.12 and a one year high of $137.16.

Super League Enterprise (NASDAQ:SLE) last posted its quarterly earnings results on Friday, August 14th. The company reported ($2.70) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $3.01 million during the quarter, compared to the consensus estimate of $3.40 million.

Super League Enterprise Company Profile

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.