Bragg Gaming Group Inc. (NASDAQ:BRAG) Sees Significant Decrease in Short Interest

Bragg Gaming Group Inc. (NASDAQ:BRAG) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 59,800 shares, a drop of 8.6% from the May 31st total of 65,400 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 75,000 shares, the short-interest ratio is currently 0.8 days.

Bragg Gaming Group Trading Down 0.5 %

NASDAQ:BRAG traded down $0.03 during mid-day trading on Monday, hitting $5.74. The stock had a trading volume of 12,903 shares, compared to its average volume of 50,223. Bragg Gaming Group has a twelve month low of $3.02 and a twelve month high of $7.00. The company’s 50 day simple moving average is $5.93 and its 200 day simple moving average is $5.59.

Bragg Gaming Group (NASDAQ:BRAG) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $25.85 million for the quarter. Bragg Gaming Group had a negative return on equity of 7.44% and a negative net margin of 5.58%. During the same period in the previous year, the business earned ($0.02) EPS. Sell-side analysts forecast that Bragg Gaming Group will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Bragg Gaming Group

An institutional investor recently bought a new position in Bragg Gaming Group stock. Oasis Management Co Ltd. acquired a new position in shares of Bragg Gaming Group Inc. (NASDAQ:BRAG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,100 shares of the company’s stock, valued at approximately $82,000. Oasis Management Co Ltd. owned about 0.07% of Bragg Gaming Group as of its most recent SEC filing. Hedge funds and other institutional investors own 4.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “speculative buy” rating and issued a $8.00 target price on shares of Bragg Gaming Group in a research note on Wednesday, April 3rd.

Bragg Gaming Group Company Profile

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.