Bragg Gaming Group Inc. (NASDAQ:BRAG) Sees Significant Growth in Short Interest

Bragg Gaming Group Inc. (NASDAQ:BRAG) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 91,100 shares, a growth of 58.7% from the July 15th total of 57,400 shares. Based on an average daily trading volume, of 42,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Trading of Bragg Gaming Group

Several hedge funds have recently made changes to their positions in the business. Marshall Wace LLP acquired a new position in Bragg Gaming Group during the 2nd quarter worth $77,000. Oasis Management Co Ltd. purchased a new stake in Bragg Gaming Group during the 4th quarter worth about $82,000. Dimensional Fund Advisors LP acquired a new position in shares of Bragg Gaming Group during the 2nd quarter worth about $200,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Bragg Gaming Group by 40.7% in the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after acquiring an additional 36,100 shares during the last quarter. Institutional investors and hedge funds own 4.04% of the company’s stock.

Bragg Gaming Group Trading Down 2.2 %

BRAG traded down $0.11 during mid-day trading on Wednesday, hitting $4.90. 31,170 shares of the stock were exchanged, compared to its average volume of 48,813. The company has a market cap of $122.24 million, a PE ratio of -20.83 and a beta of 0.93. The firm’s fifty day moving average is $5.62 and its two-hundred day moving average is $5.71. Bragg Gaming Group has a 1-year low of $4.05 and a 1-year high of $7.00.

Bragg Gaming Group Company Profile

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.