Short Interest in SharpLink Gaming, Inc. (NASDAQ:SBET) Decreases By 26.0%

SharpLink Gaming, Inc. (NASDAQ:SBET) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 45,200 shares, a decline of 26.0% from the February 28th total of 61,100 shares. Based on an average daily trading volume, of 1,470,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On SharpLink Gaming

An institutional investor recently bought a new position in SharpLink Gaming stock. Tallon Kerry Patrick purchased a new position in shares of SharpLink Gaming, Inc. (NASDAQ:SBET) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,663 shares of the company’s stock, valued at approximately $29,000. Tallon Kerry Patrick owned approximately 1.19% of SharpLink Gaming as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 13.75% of the company’s stock.

SharpLink Gaming Price Performance

Shares of SBET stock traded up $0.04 on Tuesday, hitting $0.33. 6,483,739 shares of the company’s stock were exchanged, compared to its average volume of 600,918. SharpLink Gaming has a 12 month low of $0.25 and a 12 month high of $1.47. The company has a 50 day moving average of $0.41 and a 200 day moving average of $0.60.

About SharpLink Gaming

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.