Bragg Gaming Group Inc. (NASDAQ:BRAG - Get Free Report) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 98,500 shares, a growth of 13.5% from the October 15th total of 86,800 shares. Based on an average daily volume of 32,500 shares, the days-to-cover ratio is currently 3.0 days. Approximately 0.5% of the company's shares are sold short.
Analysts Set New Price Targets
Separately, JMP Securities reissued a "market outperform" rating and issued a $7.00 price objective on shares of Bragg Gaming Group in a research note on Monday, October 14th.
Read Our Latest Research Report on Bragg Gaming Group
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new position in Bragg Gaming Group during the 2nd quarter worth $77,000. Dimensional Fund Advisors LP bought a new position in shares of Bragg Gaming Group during the 2nd quarter worth $200,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Bragg Gaming Group by 40.7% in the second quarter. Renaissance Technologies LLC now owns 124,700 shares of the company's stock valued at $720,000 after acquiring an additional 36,100 shares in the last quarter. 4.04% of the stock is currently owned by institutional investors.
Bragg Gaming Group Stock Performance
BRAG stock traded down $0.05 during midday trading on Friday, reaching $3.08. The company's stock had a trading volume of 241,341 shares, compared to its average volume of 47,602. Bragg Gaming Group has a 1 year low of $2.86 and a 1 year high of $7.00. The firm has a market capitalization of $77.02 million, a price-to-earnings ratio of -12.83 and a beta of 0.93. The stock has a fifty day simple moving average of $4.78 and a two-hundred day simple moving average of $5.32.
Bragg Gaming Group Company Profile
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Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.
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