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

Super League Enterprise, Inc. (NASDAQ:SLE) saw 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. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 73,800 shares, the days-to-cover ratio is presently 0.1 days.

Super League Enterprise Price Performance

Shares of Super League Enterprise stock traded down $0.35 during trading on Thursday, hitting $2.15. 61,363 shares of the company’s stock traded hands, compared to its average volume of 73,838. Super League Enterprise has a twelve month low of $0.98 and a twelve month high of $15.39. The company has a market cap of $11.52 million, a PE ratio of -0.13 and a beta of 1.95. The firm’s fifty day moving average price is $2.14 and its 200 day moving average price is $1.79.

Institutional Investors Weigh In On Super League Enterprise

Large investors have recently modified their holdings of the stock. Two Sigma Securities LLC bought a new position in shares of Super League Enterprise during the 2nd quarter worth approximately $30,000. Vanguard Group Inc. bought a new position in shares of Super League Enterprise during the third quarter valued at $36,000. State Street Corp increased its position in shares of Super League Enterprise by 9.3% during the 1st quarter. State Street Corp now owns 96,662 shares of the company’s stock worth $182,000 after purchasing an additional 8,198 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Super League Enterprise by 7.1% during the 1st 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. Finally, Renaissance Technologies LLC boosted its position in Super League Enterprise by 23.3% in the first 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. 2.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.00 price objective on shares of Super League Enterprise in a research report on Thursday.

About Super League Enterprise

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.