Short Interest in GAN Limited (NASDAQ:GAN) Rises By 67.3%

GAN Limited (NASDAQ:GAN - Get Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 123,600 shares, a growth of 67.3% from the February 13th total of 73,900 shares. Based on an average trading volume of 244,600 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company's stock are short sold.

GAN Stock Performance

GAN traded down $0.01 on Wednesday, hitting $1.78. 47,926 shares of the company were exchanged, compared to its average volume of 177,743. GAN has a 12 month low of $1.17 and a 12 month high of $1.90. The company has a market cap of $81.11 million, a PE ratio of -5.93 and a beta of 1.96. The stock's fifty day moving average is $1.81 and its 200-day moving average is $1.81.

GAN (NASDAQ:GAN - Get Free Report) last released its earnings results on Monday, March 17th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The company had revenue of $31.69 million during the quarter, compared to analyst estimates of $41.11 million. During the same quarter in the previous year, the firm earned ($0.21) EPS.

Institutional Trading of GAN

Several institutional investors and hedge funds have recently bought and sold shares of GAN. Geode Capital Management LLC raised its stake in GAN by 2.2% in the third quarter. Geode Capital Management LLC now owns 436,926 shares of the company's stock valued at $774,000 after buying an additional 9,260 shares during the period. Oddo BHF Asset Management Sas bought a new stake in GAN in the third quarter valued at approximately $3,676,000. Ridgewood Investments LLC bought a new stake in GAN in the fourth quarter valued at approximately $95,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in GAN in the fourth quarter valued at approximately $36,000. Finally, AssuredPartners Investment Advisors LLC bought a new stake in GAN in the fourth quarter valued at approximately $62,000. Institutional investors own 16.67% of the company's stock.

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GAN Company Profile

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.