Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Short Interest Update

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 98,700 shares, a decline of 17.9% from the October 15th total of 120,200 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 36,200 shares, the short-interest ratio is presently 2.7 days.

Allied Gaming & Entertainment Price Performance

Shares of Allied Gaming & Entertainment stock opened at $1.12 on Friday. Allied Gaming & Entertainment has a 1-year low of $0.61 and a 1-year high of $1.57. The business’s fifty day moving average price is $1.29 and its two-hundred day moving average price is $1.15. The company has a market capitalization of $49.40 million, a P/E ratio of -7.19 and a beta of 1.38.

Allied Gaming & Entertainment (NASDAQ:AGAE) last issued its quarterly earnings data on Monday, August 19th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $2.64 million for the quarter. Allied Gaming & Entertainment had a negative net margin of 79.30% and a negative return on equity of 7.27%.

Institutional Trading of Allied Gaming & Entertainment

An institutional investor recently raised its position in Allied Gaming & Entertainment stock. Innealta Capital LLC raised its holdings in Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) by 100.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,582 shares of the company’s stock after acquiring an additional 58,791 shares during the quarter. Innealta Capital LLC owned 0.27% of Allied Gaming & Entertainment worth $119,000 as of its most recent filing with the Securities and Exchange Commission. 3.21% of the stock is currently owned by institutional investors.

Allied Gaming & Entertainment Company Profile

Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.