Short Interest in Super League Enterprise, Inc. (NASDAQ:SLE) Decreases By 23.2%

Super League Enterprise, Inc. (NASDAQ:SLE) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 41,904 shares, a decline of 23.2% from the March 15th total of 54,561 shares. Approximately 5.0% of the company’s shares are short sold. Based on an average trading volume of 28,064 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of Super League Enterprise

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in Super League Enterprise by 365,800.0% during the 3rd quarter. Bank of America Corp DE now owns 10,977 shares of the company’s stock valued at $49,000 after purchasing an additional 10,974 shares in the last quarter. Mariner LLC bought a new stake in Super League Enterprise during the 4th quarter valued at $45,000. Finally, Empery Asset Management LP bought a new stake in Super League Enterprise during the 4th quarter valued at $763,000. Institutional investors own 2.06% of the company’s stock.

Super League Enterprise Trading Up 7.2%

Shares of SLE stock opened at $4.04 on Wednesday. The firm has a market capitalization of $5.90 million, a PE ratio of -0.02 and a beta of 1.47. The firm has a fifty day simple moving average of $4.09 and a two-hundred day simple moving average of $12.70. Super League Enterprise has a 12 month low of $3.22 and a 12 month high of $196.80.

Super League Enterprise (NASDAQ:SLE) last announced its quarterly earnings results on Friday, March 27th. The company reported ($9.44) EPS for the quarter, missing analysts’ consensus estimates of ($3.12) by ($6.32). The business had revenue of $3.20 million for the quarter, compared to the consensus estimate of $3.71 million. Super League Enterprise had a negative net margin of 177.80% and a negative return on equity of 1,015.02%. On average, equities analysts predict that Super League Enterprise will post -2.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Super League Enterprise in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About Super League Enterprise

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. Its proprietary cloud-based platform offers dynamic media technology; metaverse game experience and tournament technology; and fully remote production and livestream broadcast technology.