Short Interest in Super League Enterprise, Inc. (NASDAQ:SLE) Grows By 117.4%

Super League Enterprise, Inc. (NASDAQ:SLE) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 222,200 shares, a growth of 117.4% from the September 30th total of 102,200 shares. Based on an average daily trading volume, of 1,890,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 17.2% of the company’s stock are short sold. Approximately 17.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,890,000 shares, the days-to-cover ratio is currently 0.1 days.

Super League Enterprise Stock Performance

Shares of SLE stock opened at $1.47 on Friday. The firm’s 50-day moving average is $3.49 and its 200-day moving average is $5.46. The stock has a market cap of $2.01 million, a price-to-earnings ratio of -0.03 and a beta of 1.96. Super League Enterprise has a 52-week low of $1.34 and a 52-week high of $45.60.

Super League Enterprise (NASDAQ:SLE) last issued its earnings results on Thursday, November 14th. The company reported ($0.25) earnings per share (EPS) for the quarter. The firm had revenue of $4.43 billion during the quarter. Super League Enterprise had a negative net margin of 116.18% and a negative return on equity of 1,169.11%. Sell-side analysts predict that Super League Enterprise will post -2.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Super League Enterprise in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $80.00.

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.