Super League Enterprise, Inc. (NASDAQ:SLE) Short Interest Update

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 48,554 shares, a decrease of 80.7% from the December 15th total of 251,856 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 280,556 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 280,556 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Super League Enterprise

A hedge fund recently raised its stake in Super League Enterprise stock. Bank of America Corp DE raised its stake in Super League Enterprise, Inc. (NASDAQ:SLE) by 365,800.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,977 shares of the company’s stock after acquiring an additional 10,974 shares during the quarter. Bank of America Corp DE owned approximately 0.80% of Super League Enterprise worth $49,000 as of its most recent SEC filing. 2.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SLE. Aegis initiated coverage on shares of Super League Enterprise in a report 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 Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

Super League Enterprise Stock Down 2.3%

Shares of SLE stock opened at $0.71 on Thursday. Super League Enterprise has a 12-month low of $0.53 and a 12-month high of $26.00. The firm has a 50 day moving average price of $0.83 and a two-hundred day moving average price of $2.83. The company has a market capitalization of $8.23 million, a PE ratio of -0.02 and a beta of 1.85.

Super League Enterprise (NASDAQ:SLE) last released its quarterly earnings results on Friday, November 14th. The company reported ($2.30) earnings per share for the quarter, topping the consensus estimate of ($2.83) by $0.53. The firm had revenue of $2.42 million for the quarter, compared to analyst estimates of $3.40 million. As a group, research analysts expect that Super League Enterprise will post -2.16 EPS for the current year.

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.