NTN Buzztime Inc (NYSEAMERICAN:NTN) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,500 shares, an increase of 66.7% from the September 30th total of 900 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.
In other NTN Buzztime news, major shareholder Robert S. Ellin acquired 23,550 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were acquired at an average cost of $2.44 per share, with a total value of $57,462.00. Following the completion of the acquisition, the insider now directly owns 153,963 shares in the company, valued at $375,669.72. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have acquired 43,784 shares of company stock worth $110,888.
Several institutional investors have recently made changes to their positions in NTN. Citadel Advisors LLC purchased a new stake in shares of NTN Buzztime in the second quarter worth about $59,000. Susquehanna International Group LLP purchased a new stake in shares of NTN Buzztime in the second quarter worth about $82,000. Finally, North Star Investment Management Corp. lifted its holdings in shares of NTN Buzztime by 3.0% in the second quarter. North Star Investment Management Corp. now owns 322,932 shares of the company’s stock worth $1,224,000 after buying an additional 9,484 shares in the last quarter.
NTN Buzztime Company Profile
NTN Buzztime, Inc provides interactive entertainment and dining technology to bars and restaurants in the United States and Canada. Its principal product and service is Buzztime Entertainment On Demand (BEOND) platform. The company also leases equipment, including tablets used in its BEOND tablet platform, and the cases and charging trays for the tablets to certain network subscribers.
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