Short Interest in Super League Enterprise, Inc. (NASDAQ:SLE) Decreases By 43.8%

Super League Enterprise, Inc. (NASDAQ:SLE) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 56,167 shares, a decline of 43.8% from the January 29th total of 99,904 shares. Approximately 6.8% of the shares of the company are sold short. Based on an average trading volume of 33,433 shares, the short-interest ratio is currently 1.7 days. Based on an average trading volume of 33,433 shares, the short-interest ratio is currently 1.7 days. Approximately 6.8% of the shares of the company are sold short.

Analyst Ratings Changes

SLE has been the topic of several analyst reports. Aegis assumed coverage on Super League Enterprise in a research note on Monday, November 10th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Super League Enterprise in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Super League Enterprise currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Super League Enterprise

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of Super League Enterprise by 365,800.0% during the 3rd 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 last quarter. Empery Asset Management LP bought a new position in Super League Enterprise during the fourth quarter valued at $763,000. Finally, Mariner LLC bought a new position in Super League Enterprise during the fourth quarter valued at $45,000. 2.06% of the stock is owned by institutional investors.

Super League Enterprise Price Performance

NASDAQ SLE opened at $4.02 on Friday. Super League Enterprise has a 1-year low of $3.25 and a 1-year high of $230.40. The business has a 50 day simple moving average of $6.09 and a two-hundred day simple moving average of $22.13. The stock has a market capitalization of $3.37 million, a PE ratio of -0.01 and a beta of 1.89.

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.