SharpLink Gaming, Inc. (NASDAQ:SBET) Short Interest Update

SharpLink Gaming, Inc. (NASDAQ:SBET) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 323,000 shares, an increase of 1,724.9% from the March 31st total of 17,700 shares. Approximately 5.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,900,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of SharpLink Gaming

An institutional investor recently bought a new position in SharpLink Gaming stock. Value Base Ltd. bought a new position in SharpLink Gaming, Inc. (NASDAQ:SBET) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 73,001 shares of the company’s stock, valued at approximately $47,000. SharpLink Gaming comprises about 0.0% of Value Base Ltd.’s portfolio, making the stock its 7th biggest position. Value Base Ltd. owned approximately 2.03% of SharpLink Gaming at the end of the most recent quarter. 13.75% of the stock is owned by institutional investors and hedge funds.

SharpLink Gaming Stock Up 22.6 %

Shares of SBET stock opened at $0.27 on Friday. The stock has a 50-day simple moving average of $0.32 and a 200 day simple moving average of $0.53. SharpLink Gaming has a fifty-two week low of $0.19 and a fifty-two week high of $1.19.

SharpLink Gaming Company Profile

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.