Short Interest in Super League Enterprise, Inc. (NASDAQ:SLE) Declines By 34.8%

Super League Enterprise, Inc. (NASDAQ:SLE) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 73,400 shares, a decrease of 34.8% from the October 15th total of 112,500 shares. Based on an average daily trading volume, of 135,700 shares, the short-interest ratio is presently 0.5 days. Currently, 1.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of Super League Enterprise in a research note on Wednesday, October 2nd. Maxim Group decreased their price objective on Super League Enterprise from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, October 14th.

Institutional Trading of Super League Enterprise

A hedge fund recently bought a new stake in Super League Enterprise stock. Murchinson Ltd. acquired a new stake in shares of Super League Enterprise, Inc. (NASDAQ:SLE) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 250,000 shares of the company’s stock, valued at approximately $538,000. Murchinson Ltd. owned approximately 3.84% of Super League Enterprise as of its most recent filing with the SEC. 2.06% of the stock is owned by institutional investors.

Super League Enterprise Stock Down 23.3 %

Shares of Super League Enterprise stock traded down $0.23 during trading on Friday, reaching $0.76. 323,893 shares of the stock were exchanged, compared to its average volume of 93,372. Super League Enterprise has a 1 year low of $0.50 and a 1 year high of $2.84. The firm has a market cap of $9.30 million, a price-to-earnings ratio of -0.14 and a beta of 1.87. The stock’s fifty day moving average is $0.88 and its 200 day moving average is $1.06.

Super League Enterprise (NASDAQ:SLE) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.60) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.02. Super League Enterprise had a negative return on equity of 254.70% and a negative net margin of 95.78%. The firm had revenue of $4.12 million for the quarter, compared to analyst estimates of $5.41 million. Equities analysts forecast that Super League Enterprise will post -1.3 earnings per share for the current year.

About Super League Enterprise

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.