Brera Holdings PLC (NASDAQ:SLMT – Get Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 248,299 shares, a decline of 50.0% from the May 14th total of 497,070 shares. Based on an average daily volume of 166,897 shares, the days-to-cover ratio is currently 1.5 days. Approximately 3.0% of the shares of the company are short sold.
Brera Stock Down 9.1%
Brera stock opened at $4.39 on Friday. Brera has a fifty-two week low of $4.28 and a fifty-two week high of $529.50. The firm’s 50 day simple moving average is $56.64 and its 200-day simple moving average is $123.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.50 and a quick ratio of 3.50.
Brera (NASDAQ:SLMT – Get Free Report) last issued its quarterly earnings results on Saturday, May 16th. The company reported ($915.90) EPS for the quarter. The company had revenue of $2.47 million for the quarter.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on SLMT
Insider Transactions at Brera
In related news, Director Keren Kalima Maimon acquired 1,149,000 shares of Brera stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average price of $4.97 per share, with a total value of $5,710,530.00. Following the completion of the acquisition, the director directly owned 1,336,868 shares of the company’s stock, valued at $6,644,233.96. This trade represents a 611.60% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ron Sade bought 1,149,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $4.97 per share, with a total value of $5,710,530.00. Following the transaction, the chief executive officer directly owned 1,340,646 shares in the company, valued at $6,663,010.62. This represents a 599.54% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.
Hedge Funds Weigh In On Brera
A number of large investors have recently made changes to their positions in the business. Weiss Asset Management LP increased its stake in Brera by 2.6% in the 1st quarter. Weiss Asset Management LP now owns 290,531 shares of the company’s stock valued at $228,000 after buying an additional 7,266 shares during the period. J. Derek Lewis & Associates Inc. acquired a new position in shares of Brera in the fourth quarter worth $312,000. PEAK6 LLC acquired a new position in shares of Brera in the fourth quarter worth $93,000. Aristides Capital LLC purchased a new stake in shares of Brera during the fourth quarter worth $166,000. Finally, XTX Topco Ltd acquired a new stake in Brera during the fourth quarter valued at $161,000. Institutional investors and hedge funds own 68.26% of the company’s stock.
Brera Company Profile
Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.
Further Reading
- Five stocks we like better than Brera
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for Brera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brera and related companies with MarketBeat.com's FREE daily email newsletter.
