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

Super League Enterprise, Inc. (NASDAQ:SLE) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 22,437 shares, a decline of 47.8% from the April 15th total of 42,989 shares. Based on an average trading volume of 15,106 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.5% of the shares of the stock are short sold.

Super League Enterprise Trading Up 48.4%

Super League Enterprise stock traded up $1.97 during trading hours on Friday, reaching $6.04. 45,437,646 shares of the company were exchanged, compared to its average volume of 12,459. The firm has a market cap of $8.88 million, a price-to-earnings ratio of -0.06 and a beta of 1.53. The stock has a 50-day moving average of $4.12 and a 200 day moving average of $7.12. Super League Enterprise has a 12 month low of $3.22 and a 12 month high of $139.01.

Super League Enterprise (NASDAQ:SLE) last announced its earnings results on Friday, May 15th. The company reported ($1.77) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.92) by $0.15. Super League Enterprise had a negative return on equity of 1,015.02% and a negative net margin of 177.80%.The firm had revenue of $3.00 million during the quarter, compared to analysts’ expectations of $2.80 million. During the same quarter in the prior year, the business earned ($199.79) earnings per share. As a group, research analysts forecast that Super League Enterprise will post -7.55 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Mariner LLC acquired a new position in shares of Super League Enterprise in the fourth quarter valued at $45,000. Bank of America Corp DE raised 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 purchasing an additional 10,974 shares in the last quarter. Finally, Empery Asset Management LP acquired a new position in shares of Super League Enterprise in the fourth quarter valued at $763,000. 2.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Super League Enterprise in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.