Super League Enterprise, Inc. (NASDAQ:SLE) Sees Large Growth in Short Interest

Super League Enterprise, Inc. (NASDAQ:SLE) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 120,400 shares, a growth of 176.8% from the March 31st total of 43,500 shares. Based on an average daily volume of 73,300 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.5% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of Super League Enterprise in a report on Thursday, March 28th.

Super League Enterprise Price Performance

Shares of NASDAQ:SLE traded up $0.02 on Friday, reaching $1.49. 11,803 shares of the company traded hands, compared to its average volume of 66,478. Super League Enterprise has a fifty-two week low of $0.98 and a fifty-two week high of $14.00. The company’s 50 day moving average is $2.00 and its 200-day moving average is $1.78.

Super League Enterprise (NASDAQ:SLE) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($3.47) EPS for the quarter, missing the consensus estimate of ($1.23) by ($2.24). Super League Enterprise had a negative net margin of 120.94% and a negative return on equity of 208.14%. The firm had revenue of $9.51 million during the quarter, compared to analysts’ expectations of $9.40 million. As a group, equities analysts anticipate that Super League Enterprise will post -3.18 EPS for the current fiscal year.

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.