GAN Limited (NASDAQ:GAN - Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 243,700 shares, an increase of 245.7% from the March 31st total of 70,500 shares. Based on an average daily trading volume, of 212,100 shares, the short-interest ratio is presently 1.1 days. Approximately 0.6% of the shares of the stock are short sold.
GAN Stock Performance
GAN traded up $0.01 during midday trading on Friday, hitting $1.75. The stock had a trading volume of 140,382 shares, compared to its average volume of 178,650. GAN has a 1 year low of $1.17 and a 1 year high of $1.90. The business has a fifty day moving average of $1.75 and a 200 day moving average of $1.80. The company has a market cap of $80.14 million, a P/E ratio of -5.83 and a beta of 1.88.
GAN (NASDAQ:GAN - Get Free Report) last released its earnings results on Monday, March 17th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The company had revenue of $31.69 million for the quarter, compared to the consensus estimate of $41.11 million. During the same quarter in the prior year, the company posted ($0.21) earnings per share.
Institutional Investors Weigh In On GAN
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in GAN by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 436,926 shares of the company's stock worth $774,000 after buying an additional 9,260 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of GAN during the third quarter valued at approximately $3,676,000. Ridgewood Investments LLC purchased a new stake in GAN in the fourth quarter worth $95,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in GAN in the fourth quarter valued at $36,000. Finally, AssuredPartners Investment Advisors LLC purchased a new position in GAN during the 4th quarter valued at $62,000. 16.67% of the stock is currently owned by institutional investors.
GAN Company Profile
(
Get Free Report)
GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.
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