GameSquare Holdings, Inc. (NASDAQ:GAME) Short Interest Update

GameSquare Holdings, Inc. (NASDAQ:GAMEGet Free Report) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,055,912 shares, a drop of 82.6% from the August 15th total of 6,063,577 shares. Approximately 8.7% of the company’s stock are sold short. Based on an average daily trading volume, of 289,097 shares, the short-interest ratio is presently 3.7 days.

GameSquare Price Performance

Shares of GAME traded up $0.21 on Friday, reaching $3.68. 233,347 shares of the stock traded hands, compared to its average volume of 237,660. The firm has a market cap of $47.03 million, a price-to-earnings ratio of -0.74 and a beta of 1.56. The stock’s 50-day moving average price is $3.05 and its 200-day moving average price is $3.05. GameSquare has a 12 month low of $1.88 and a 12 month high of $6.88.

GameSquare (NASDAQ:GAMEGet Free Report) last released its quarterly earnings data on Monday, August 10th. The entertainment company reported ($0.11) EPS for the quarter. The business had revenue of $18.48 million for the quarter. GameSquare had a positive return on equity of 7.97% and a negative net margin of 96.06%. As a group, equities research analysts forecast that GameSquare will post 0.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GameSquare

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in GameSquare during the 2nd quarter worth approximately $413,000. Geode Capital Management LLC boosted its position in GameSquare by 16.6% in the 4th quarter. Geode Capital Management LLC now owns 970,853 shares of the entertainment company’s stock valued at $374,000 after buying an additional 138,361 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of GameSquare by 6.4% in the 1st quarter. Renaissance Technologies LLC now owns 605,300 shares of the entertainment company’s stock valued at $163,000 after buying an additional 36,200 shares during the period. UBS Group AG increased its stake in shares of GameSquare by 275,329.0% in the 3rd quarter. UBS Group AG now owns 1,669,100 shares of the entertainment company’s stock valued at $1,133,000 after buying an additional 1,668,494 shares during the period. Finally, Jane Street Group LLC bought a new stake in GameSquare during the 4th quarter worth about $153,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

GAME has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of GameSquare from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 21st. Wall Street Zen upgraded GameSquare to a “hold” rating in a report on Saturday, August 29th. Zacks Research upgraded shares of GameSquare from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, ThinkEquity started coverage on GameSquare in a research report on Monday, June 8th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Read Our Latest Report on GAME

About GameSquare

(Get Free Report)

GameSquare Inc (NASDAQ: GAME) is a digital media and marketing company focused on the global gaming and esports industries. The company operates a network of online properties and community platforms that deliver editorial content, live event coverage, and video programming to enthusiasts and consumers. GameSquare’s offerings span both traditional gaming titles and competitive esports leagues, enabling advertisers and brand partners to engage with a diverse and highly engaged audience.

Through its flagship Enthusiast Gaming network, GameSquare oversees a portfolio of more than 35 websites and digital channels, including long-standing properties such as Destructoid, The Escapist and Daily Esports.

Further Reading

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