Super League Enterprise, Inc. (NASDAQ:SLE) Sees Significant Increase in Short Interest

Super League Enterprise, Inc. (NASDAQ:SLE) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 112,500 shares, a growth of 125.5% from the September 30th total of 49,900 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 136,300 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Super League Enterprise

A hedge fund recently bought a new stake in Super League Enterprise stock. Murchinson Ltd. bought a new stake in Super League Enterprise, Inc. (NASDAQ:SLE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 250,000 shares of the company’s stock, valued at approximately $538,000. Murchinson Ltd. owned 3.84% of Super League Enterprise as of its most recent filing with the Securities & Exchange Commission. 2.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SLE. Maxim Group cut their price objective on shares of Super League Enterprise from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, October 14th. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of Super League Enterprise in a research report on Wednesday, October 2nd.

Super League Enterprise Price Performance

NASDAQ:SLE remained flat at $0.92 during trading hours on Friday. The company had a trading volume of 55,107 shares, compared to its average volume of 93,434. Super League Enterprise has a 52-week low of $0.50 and a 52-week high of $2.84. The company has a market capitalization of $9.72 million, a PE ratio of -0.15 and a beta of 1.96. The company has a 50-day simple moving average of $0.93 and a two-hundred day simple moving average of $1.12.

Super League Enterprise (NASDAQ:SLE) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.60) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.02. Super League Enterprise had a negative net margin of 95.78% and a negative return on equity of 254.70%. The firm had revenue of $4.12 million during the quarter, compared to analysts’ expectations of $5.41 million. As a group, analysts predict that Super League Enterprise will post -1.3 earnings per share 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.