Short Interest in GameSquare Holdings, Inc. (NASDAQ:GAME) Expands By 131.1%

GameSquare Holdings, Inc. (NASDAQ:GAME) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 7,963,730 shares, an increase of 131.1% from the June 30th total of 3,445,514 shares. Currently, 8.3% of the company’s stock are short sold. Based on an average daily volume of 949,622 shares, the days-to-cover ratio is currently 8.4 days.

Insider Buying and Selling at GameSquare

In related news, insider & Silver Ventures Ltd. Blue bought 144,346 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of $0.42 per share, with a total value of $60,625.32. Following the completion of the transaction, the insider directly owned 5,997,620 shares of the company’s stock, valued at approximately $2,519,000.40. This represents a 2.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.80% of the stock is owned by insiders.

Institutional Investors Weigh In On GameSquare

A number of institutional investors have recently modified their holdings of GAME. XTX Topco Ltd acquired a new position in GameSquare in the second quarter worth about $38,000. Virtu Financial LLC raised its stake in GameSquare by 167.6% during the fourth quarter. Virtu Financial LLC now owns 200,255 shares of the entertainment company’s stock valued at $77,000 after buying an additional 125,428 shares in the last quarter. Geode Capital Management LLC raised its stake in GameSquare by 23.9% during the second quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company’s stock valued at $186,000 after buying an additional 41,196 shares in the last quarter. Jane Street Group LLC bought a new position in GameSquare during the 4th quarter worth approximately $153,000. Finally, Renaissance Technologies LLC lifted its holdings in GameSquare by 6.4% during the 1st quarter. Renaissance Technologies LLC now owns 605,300 shares of the entertainment company’s stock worth $163,000 after buying an additional 36,200 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

GameSquare Stock Performance

Shares of GAME stock traded up $0.02 during mid-day trading on Thursday, reaching $0.36. 330,116 shares of the company were exchanged, compared to its average volume of 4,095,964. GameSquare has a fifty-two week low of $0.23 and a fifty-two week high of $1.09. The company has a market capitalization of $37.22 million, a P/E ratio of -0.61 and a beta of 1.51. The business’s 50 day simple moving average is $0.39 and its 200 day simple moving average is $0.38.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings raised GameSquare from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 9th. ThinkEquity initiated coverage on shares of GameSquare in a research report on Monday, June 8th. They issued a “buy” rating for the company. Zacks Research upgraded shares of GameSquare from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Wall Street Zen upgraded shares of GameSquare to a “hold” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

GameSquare Company Profile

GameSquare Inc (NASDAQ: GAME) is a digital media and marketing company focused on the global gaming and esports industries. The company operates a network of online properties and community platforms that deliver editorial content, live event coverage, and video programming to enthusiasts and consumers. GameSquare’s offerings span both traditional gaming titles and competitive esports leagues, enabling advertisers and brand partners to engage with a diverse and highly engaged audience.

Through its flagship Enthusiast Gaming network, GameSquare oversees a portfolio of more than 35 websites and digital channels, including long-standing properties such as Destructoid, The Escapist and Daily Esports.