SharpLink Gaming, Inc. (NASDAQ:SBET) Short Interest Down 34.4% in February

by · The Cerbat Gem

SharpLink Gaming, Inc. (NASDAQ:SBET – Get Free Report) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 135,300 shares, a decrease of 34.4% from the January 31st total of 206,100 shares. Based on an average daily trading volume, of 1,730,000 shares, the short-interest ratio is presently 0.1 days. Approximately 2.6% of the shares of the company are short sold.

Hedge Funds Weigh In On SharpLink Gaming

A hedge fund recently bought a new stake in SharpLink Gaming stock. Value Base Ltd. acquired a new stake in shares of SharpLink Gaming, Inc. (NASDAQ:SBET – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 73,001 shares of the company’s stock, valued at approximately $47,000. SharpLink Gaming accounts for about 0.0% of Value Base Ltd.’s investment portfolio, making the stock its 7th biggest holding. Value Base Ltd. owned approximately 2.03% of SharpLink Gaming at the end of the most recent reporting period. Institutional investors and hedge funds own 13.75% of the company’s stock.

SharpLink Gaming Price Performance

SBET traded up $0.06 on Monday, hitting $0.43. 5,644,089 shares of the company’s stock were exchanged, compared to its average volume of 2,100,542. The stock has a fifty day moving average of $0.53 and a two-hundred day moving average of $0.65. SharpLink Gaming has a twelve month low of $0.33 and a twelve month high of $1.68.

About SharpLink Gaming

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SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.

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