Short Interest in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Drops By 7.8%

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Get Free Report) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 265,000 shares, a drop of 7.8% from the November 15th total of 287,300 shares. Currently, 2.7% of the company's stock are sold short. Based on an average trading volume of 41,300 shares, the days-to-cover ratio is currently 6.4 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BATRA. Nisa Investment Advisors LLC boosted its holdings in shares of Atlanta Braves by 1,500.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 640 shares of the financial services provider's stock valued at $26,000 after buying an additional 600 shares during the period. Quent Capital LLC lifted its holdings in Atlanta Braves by 1,607.7% in the third quarter. Quent Capital LLC now owns 666 shares of the financial services provider's stock worth $28,000 after acquiring an additional 627 shares during the last quarter. Whittier Trust Co. acquired a new position in Atlanta Braves in the second quarter valued at approximately $26,000. US Bancorp DE bought a new position in shares of Atlanta Braves during the third quarter valued at approximately $28,000. Finally, GAMMA Investing LLC raised its position in shares of Atlanta Braves by 5,336.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,033 shares of the financial services provider's stock worth $44,000 after purchasing an additional 1,014 shares during the period. Institutional investors own 12.31% of the company's stock.

Atlanta Braves Stock Up 1.0 %

NASDAQ BATRA traded up $0.40 during mid-day trading on Monday, reaching $41.52. 38,407 shares of the company's stock traded hands, compared to its average volume of 32,639. The company has a fifty day simple moving average of $42.39 and a 200-day simple moving average of $43.10. Atlanta Braves has a 1-year low of $39.67 and a 1-year high of $46.65. The company has a market cap of $2.57 billion, a price-to-earnings ratio of -57.08 and a beta of 0.80. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12.

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.