Short Interest in Allied Esports Entertainment (NASDAQ:AESE) Drops By 77.4%
Allied Esports Entertainment (NASDAQ:AESE) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 225,600 shares, a decline of 77.4% from the August 31st total of 1,000,000 shares. Based on an average trading volume of 3,340,000 shares, the short-interest ratio is presently 0.1 days. Currently, 1.8% of the company’s shares are short sold.
In related news, President Adam J. Pliska sold 70,936 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $2.43, for a total transaction of $172,374.48. Following the completion of the sale, the president now directly owns 233,201 shares of the company’s stock, valued at approximately $566,678.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Kenneth Decubellis sold 20,000 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $2.50, for a total value of $50,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 696,081 shares of company stock worth $1,671,159. Insiders own 71.80% of the company’s stock.
An institutional investor recently bought a new position in Allied Esports Entertainment stock. Two Sigma Securities LLC bought a new stake in Allied Esports Entertainment (NASDAQ:AESE) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 17,759 shares of the company’s stock, valued at approximately $37,000. Two Sigma Securities LLC owned approximately 0.06% of Allied Esports Entertainment at the end of the most recent reporting period. 1.37% of the stock is owned by institutional investors.
Allied Esports Entertainment (NASDAQ:AESE) last released its earnings results on Monday, August 10th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.02). The firm had revenue of $4.58 million during the quarter. Allied Esports Entertainment had a negative net margin of 128.57% and a negative return on equity of 52.23%. On average, analysts anticipate that Allied Esports Entertainment will post -1.08 EPS for the current fiscal year.
AESE has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Allied Esports Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, August 13th. ValuEngine raised Allied Esports Entertainment from a “hold” rating to a “buy” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $4.00.
Allied Esports Entertainment Company Profile
Allied Esports Entertainment Inc is a premier esports entertainment company. Allied Esports Entertainment Inc, formerly known as Black Ridge Acquisition Corp., is based in CA, United States.
Recommended Story: What is the return on assets formula?
Receive News & Ratings for Allied Esports Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Esports Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.