Short Interest in Super League Enterprise, Inc. (NASDAQ:SLE) Drops By 76.8%

Super League Enterprise, Inc. (NASDAQ:SLE) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 8,600 shares, a decline of 76.8% from the February 29th total of 37,000 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 73,800 shares, the short-interest ratio is presently 0.1 days.

Super League Enterprise Stock Performance

Shares of SLE stock traded up $0.21 on Wednesday, reaching $2.50. 79,935 shares of the company’s stock traded hands, compared to its average volume of 74,037. The business’s 50 day moving average price is $2.13 and its two-hundred day moving average price is $1.78. The company has a market capitalization of $13.40 million, a P/E ratio of -0.15 and a beta of 1.95. Super League Enterprise has a 12-month low of $0.98 and a 12-month high of $15.39.

Hedge Funds Weigh In On Super League Enterprise

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its position in Super League Enterprise by 7.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 147,500 shares of the company’s stock valued at $277,000 after purchasing an additional 9,760 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Super League Enterprise by 23.3% in the 1st quarter. Renaissance Technologies LLC now owns 277,780 shares of the company’s stock valued at $522,000 after buying an additional 52,576 shares in the last quarter. State Street Corp increased its holdings in Super League Enterprise by 9.3% in the first quarter. State Street Corp now owns 96,662 shares of the company’s stock worth $182,000 after buying an additional 8,198 shares during the last quarter. Vanguard Group Inc. raised its position in Super League Enterprise by 25.3% during the third quarter. Vanguard Group Inc. now owns 1,232,790 shares of the company’s stock valued at $832,000 after acquiring an additional 249,240 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in Super League Enterprise during the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 2.06% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright decreased their price objective on shares of Super League Enterprise from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Thursday, January 18th.

Super League Enterprise Company Profile

Super League Enterprise, Inc builds and operates networks of games, monetization tools, and content channels across metaverse gaming platforms that empower developers, energize players, and entertain fans. The company's solutions provide access to an audience consisting of players in the metaverse environments, fans of various gaming influencers, and viewers of gameplay content across social media and digital video platforms.