Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Short Interest Up 7.7% in November

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 2,090,000 shares, a growth of 7.7% from the November 15th total of 1,940,000 shares. Currently, 5.7% of the shares of the stock are sold short. Based on an average daily volume of 321,200 shares, the days-to-cover ratio is presently 6.5 days.

Atlanta Braves Stock Performance

BATRK traded down $0.86 during midday trading on Friday, hitting $39.39. The stock had a trading volume of 196,727 shares, compared to its average volume of 234,922. Atlanta Braves has a 1 year low of $36.74 and a 1 year high of $44.42. The business has a fifty day moving average of $40.22 and a 200 day moving average of $40.80. The company has a market cap of $2.00 billion, a P/E ratio of -53.96 and a beta of 0.68.

Institutional Investors Weigh In On Atlanta Braves

A number of hedge funds have recently made changes to their positions in BATRK. Quent Capital LLC lifted its stake in shares of Atlanta Braves by 568.4% in the 3rd quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 1,404 shares during the last quarter. Hahn Capital Management LLC lifted its position in Atlanta Braves by 33.7% in the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 495 shares during the last quarter. nVerses Capital LLC bought a new stake in Atlanta Braves in the second quarter valued at approximately $95,000. Quest Partners LLC boosted its stake in shares of Atlanta Braves by 28,820.0% during the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 4,323 shares during the period. Finally, Quantinno Capital Management LP bought a new position in shares of Atlanta Braves in the third quarter worth approximately $205,000. 64.88% of the stock is currently owned by institutional investors.

About Atlanta Braves

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.