Super League Enterprise, Inc. (NASDAQ:SLE) Short Interest Update

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

Analysts Set New Price Targets

SLE has been the subject of several recent research reports. ThinkEquity began coverage on shares of Super League Enterprise in a report on Monday, June 29th. They set a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Super League Enterprise in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SLE. Empery Asset Management LP acquired a new stake in shares of Super League Enterprise during the fourth quarter worth $763,000. Mariner LLC acquired a new position in Super League Enterprise in the fourth quarter valued at $45,000. Finally, Bank of America Corp DE lifted its position in 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 worth $49,000 after buying an additional 10,974 shares during the period. 2.06% of the stock is currently owned by institutional investors and hedge funds.

Super League Enterprise Trading Up 7.4%

Shares of Super League Enterprise stock traded up $0.34 during mid-day trading on Friday, hitting $4.91. 342,482 shares of the stock were exchanged, compared to its average volume of 3,993,487. Super League Enterprise has a twelve month low of $2.12 and a twelve month high of $137.16. The stock has a market capitalization of $8.32 million, a price-to-earnings ratio of -0.12 and a beta of 1.55. The company has a 50-day simple moving average of $3.36 and a 200 day simple moving average of $3.70.

Super League Enterprise (NASDAQ:SLE) last posted its quarterly earnings data on Friday, August 14th. The company reported ($2.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.42) by ($1.28). The firm had revenue of $3.01 million during the quarter, compared to analyst estimates of $3.40 million. Super League Enterprise had a negative net margin of 185.60% and a negative return on equity of 201.00%.

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.