Brera Holdings PLC (NASDAQ:SLMT – Get Free Report) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 196,774 shares, a decrease of 45.1% from the June 15th total of 358,350 shares. Based on an average daily volume of 82,916 shares, the short-interest ratio is presently 2.4 days. Approximately 2.4% of the company’s stock are short sold.
Brera Trading Down 16.1%
NASDAQ:SLMT opened at $5.56 on Wednesday. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $23.61 and its two-hundred day moving average is $88.13. Brera has a 52 week low of $4.28 and a 52 week high of $529.50.
Brera (NASDAQ:SLMT – Get Free Report) last issued its earnings results on Saturday, May 16th. The company reported ($91.22) EPS for the quarter.
Insider Transactions at Brera
Institutional Trading of Brera
Several hedge funds have recently bought and sold shares of the company. ARK Investment Management LLC bought a new position in Brera in the 4th quarter worth about $16,998,000. Electric Capital Partners LLC acquired a new stake in shares of Brera in the fourth quarter valued at approximately $12,155,000. Anatole Investment Management Ltd bought a new stake in shares of Brera during the fourth quarter valued at approximately $10,389,000. Alyeska Investment Group L.P. acquired a new position in shares of Brera during the fourth quarter worth approximately $5,293,000. Finally, Arrington Capital Management LLC acquired a new position in shares of Brera during the fourth quarter worth approximately $2,055,000. 68.26% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Brera in a research note on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.
Read Our Latest Report on Brera
About Brera
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.
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