Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Short Interest Update

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 276,700 shares, a growth of 76.6% from the May 15th total of 156,700 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average trading volume of 238,000 shares, the days-to-cover ratio is presently 1.2 days.

Allied Gaming & Entertainment Trading Down 2.3%

AGAE opened at $3.04 on Tuesday. Allied Gaming & Entertainment has a 1-year low of $0.70 and a 1-year high of $3.79. The stock has a market capitalization of $115.58 million, a price-to-earnings ratio of -11.26 and a beta of 1.75. The business has a 50 day moving average of $1.84 and a 200-day moving average of $1.27.

About Allied Gaming & Entertainment

Allied Gaming & Entertainment, Inc operates as an experiential entertainment company, which engages in the creation of esports venues and live events for both video games and poker. The company was founded in 2017 and is headquartered in New York, NY.