Super League Enterprise, Inc. (NASDAQ:SLE) Short Interest Update

Super League Enterprise, Inc. (NASDAQ:SLE) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 73,400 shares, a drop of 34.8% from the October 15th total of 112,500 shares. Based on an average daily volume of 135,700 shares, the short-interest ratio is currently 0.5 days. Currently, 1.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of Super League Enterprise in a report on Wednesday, October 2nd. Maxim Group cut their target price on Super League Enterprise from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Monday, October 14th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Super League Enterprise stock. Murchinson Ltd. purchased a new stake in Super League Enterprise, Inc. (NASDAQ:SLE) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 250,000 shares of the company’s stock, valued at approximately $538,000. Murchinson Ltd. owned approximately 3.84% of Super League Enterprise as of its most recent filing with the SEC. Hedge funds and other institutional investors own 2.06% of the company’s stock.

Super League Enterprise Stock Down 23.3 %

Shares of SLE stock traded down $0.23 during trading hours on Friday, reaching $0.76. 323,893 shares of the stock traded hands, compared to its average volume of 93,372. The firm has a market capitalization of $9.30 million, a PE ratio of -0.14 and a beta of 1.87. Super League Enterprise has a 1-year low of $0.50 and a 1-year high of $2.84. The business has a fifty day moving average price of $0.88 and a 200 day moving average price of $1.06.

Super League Enterprise (NASDAQ:SLE) last announced its earnings results on Wednesday, August 14th. The company reported ($0.60) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.02. The company had revenue of $4.12 million for the quarter, compared to the consensus estimate of $5.41 million. Super League Enterprise had a negative net margin of 95.78% and a negative return on equity of 254.70%. Research analysts expect that Super League Enterprise will post -1.3 earnings per share for the current fiscal year.

About Super League Enterprise

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.