Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Short Interest Up 20.9% in October

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 2,140,000 shares, a growth of 20.9% from the October 15th total of 1,770,000 shares. Based on an average daily trading volume, of 302,500 shares, the short-interest ratio is presently 7.1 days. Approximately 5.8% of the company's stock are short sold.

Institutional Trading of Atlanta Braves

Large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in Atlanta Braves by 160.3% in the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock valued at $3,276,000 after acquiring an additional 50,702 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Atlanta Braves in the third quarter valued at approximately $205,000. Quarry LP raised its position in Atlanta Braves by 0.9% in the 3rd quarter. Quarry LP now owns 51,562 shares of the financial services provider's stock worth $2,052,000 after purchasing an additional 456 shares during the last quarter. Harvey Partners LLC lifted its holdings in Atlanta Braves by 14.6% during the 3rd quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider's stock worth $20,179,000 after buying an additional 64,500 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in Atlanta Braves in the 3rd quarter valued at $815,000. 64.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reduced their price objective on shares of Atlanta Braves from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Wednesday, August 14th.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRK traded down $0.91 on Friday, hitting $40.07. The stock had a trading volume of 279,047 shares, compared to its average volume of 231,261. Atlanta Braves has a twelve month low of $35.37 and a twelve month high of $44.42. The firm's 50 day moving average price is $40.34 and its 200-day moving average price is $40.56. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of -55.44 and a beta of 0.70.

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.

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