Super League Enterprise, Inc. (NASDAQ:SLE) Short Interest Up 116.3% in June

Super League Enterprise, Inc. (NASDAQ:SLEGet Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 36,380 shares, an increase of 116.3% from the May 31st total of 16,818 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average trading volume of 71,102 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

SLE has been the subject of a number of research analyst reports. ThinkEquity started coverage on shares of Super League Enterprise in a research note on Monday. They issued a “buy” rating for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Super League Enterprise in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

View Our Latest Report on SLE

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Mariner LLC acquired a new stake in shares of Super League Enterprise during the 4th quarter worth approximately $45,000. Bank of America Corp DE raised its stake in shares of Super League Enterprise by 365,800.0% during the third quarter. Bank of America Corp DE now owns 10,977 shares of the company’s stock worth $49,000 after buying an additional 10,974 shares during the last quarter. Finally, Empery Asset Management LP bought a new stake in shares of Super League Enterprise during the fourth quarter worth approximately $763,000. Institutional investors own 2.06% of the company’s stock.

Super League Enterprise Stock Down 0.7%

SLE stock opened at $3.05 on Tuesday. Super League Enterprise has a twelve month low of $2.93 and a twelve month high of $137.16. The company has a market cap of $4.91 million, a P/E ratio of -0.03 and a beta of 1.51. The business has a fifty day moving average of $3.83 and a 200-day moving average of $4.98.

Super League Enterprise (NASDAQ:SLEGet Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported ($1.77) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.92) by $0.15. The business had revenue of $3.00 million for the quarter, compared to analysts’ expectations of $2.80 million. Super League Enterprise had a negative return on equity of 308.07% and a negative net margin of 171.90%.During the same quarter last year, the business earned ($199.79) earnings per share. As a group, equities research analysts anticipate that Super League Enterprise will post -8.76 earnings per share for the current fiscal year.

Super League Enterprise Company Profile

(Get Free Report)

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.

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