Short Interest in Gambling.com Group Limited (NASDAQ:GAMB) Expands By 209.0%

Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 751,100 shares, a growth of 209.0% from the January 31st total of 243,100 shares. Based on an average trading volume of 387,200 shares, the short-interest ratio is currently 1.9 days. Currently, 4.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GAMB. Public Employees Retirement System of Ohio acquired a new position in Gambling.com Group in the 4th quarter valued at approximately $197,000. AWM Investment Company Inc. raised its position in Gambling.com Group by 9.8% during the 4th quarter. AWM Investment Company Inc. now owns 1,517,259 shares of the company's stock worth $21,363,000 after purchasing an additional 135,000 shares during the last quarter. PharVision Advisers LLC bought a new position in Gambling.com Group during the 4th quarter worth $544,000. Squarepoint Ops LLC grew its position in shares of Gambling.com Group by 95.5% in the 4th quarter. Squarepoint Ops LLC now owns 23,562 shares of the company's stock valued at $332,000 after buying an additional 11,508 shares during the last quarter. Finally, State of Wyoming increased its stake in shares of Gambling.com Group by 134.6% in the fourth quarter. State of Wyoming now owns 25,616 shares of the company's stock valued at $361,000 after buying an additional 14,697 shares during the period. Institutional investors own 72.26% of the company's stock.

Gambling.com Group Trading Down 3.1 %

Gambling.com Group stock traded down $0.42 during trading hours on Tuesday, hitting $13.26. The stock had a trading volume of 426,833 shares, compared to its average volume of 417,198. The business's 50 day simple moving average is $14.66 and its 200-day simple moving average is $12.33. Gambling.com Group has a one year low of $7.51 and a one year high of $17.14. The stock has a market cap of $493.58 million, a price-to-earnings ratio of 17.00 and a beta of 0.99. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BTIG Research boosted their price objective on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Benchmark restated a "buy" rating and set a $18.00 price objective on shares of Gambling.com Group in a research report on Thursday, February 20th. Jefferies Financial Group raised their price objective on Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Craig Hallum boosted their target price on Gambling.com Group from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus raised their price target on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group currently has a consensus rating of "Buy" and a consensus target price of $16.88.

Gambling.com Group Company Profile

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.