Motorsport Games Inc. (NASDAQ:MSGM) Short Interest Up 52.4% in December

Motorsport Games Inc. (NASDAQ:MSGM) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 24,735 shares, a growth of 52.4% from the December 15th total of 16,234 shares. Based on an average daily volume of 71,513 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 71,513 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Motorsport Games in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Motorsport Games has an average rating of “Hold”.

Motorsport Games Stock Performance

Shares of NASDAQ MSGM traded down $0.08 during trading hours on Friday, hitting $3.32. 34,755 shares of the stock were exchanged, compared to its average volume of 85,284. The company’s fifty day simple moving average is $3.01 and its two-hundred day simple moving average is $2.94. The company has a market cap of $19.19 million, a PE ratio of 8.30 and a beta of 1.76. Motorsport Games has a 1-year low of $0.73 and a 1-year high of $5.41.

Motorsport Games (NASDAQ:MSGM) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.14 EPS for the quarter. The business had revenue of $3.10 million during the quarter. Motorsport Games had a net margin of 34.24% and a return on equity of 86.01%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Motorsport Games stock. Dimensional Fund Advisors LP bought a new position in Motorsport Games Inc. (NASDAQ:MSGM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,814 shares of the company’s stock, valued at approximately $46,000. Dimensional Fund Advisors LP owned about 0.29% of Motorsport Games at the end of the most recent quarter. Institutional investors own 1.66% of the company’s stock.

Motorsport Games Company Profile

Motorsport Games, Inc is a publicly traded developer and publisher of interactive motorsport entertainment, headquartered in Miami, Florida. The company specializes in creating officially licensed racing simulation titles and managing associated esports competitions. By focusing exclusively on the motorsport genre, Motorsport Games aims to deliver authentic digital experiences that mirror the rules, tracks and vehicles of real-world racing series.

The company’s core activities include the development of video games under licenses from major sanctioning bodies such as NASCAR, the Fédération Internationale de l’Automobile (FIA) and International Motor Sports Association (IMSA).