GAN Limited (NASDAQ:GAN - Get Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 60,200 shares, a decrease of 38.7% from the December 15th total of 98,200 shares. Approximately 0.1% of the company's shares are short sold. Based on an average trading volume of 218,800 shares, the short-interest ratio is currently 0.3 days.
Institutional Trading of GAN
Several hedge funds have recently modified their holdings of the stock. Ridgewood Investments LLC acquired a new stake in shares of GAN in the fourth quarter valued at $95,000. Oddo BHF Asset Management Sas acquired a new stake in shares of GAN in the third quarter valued at $3,676,000. Geode Capital Management LLC increased its holdings 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 last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in GAN in the second quarter valued at $479,000. Finally, Renaissance Technologies LLC increased its holdings in GAN by 3.0% in the second quarter. Renaissance Technologies LLC now owns 777,817 shares of the company's stock valued at $1,147,000 after buying an additional 22,700 shares during the last quarter. 16.67% of the stock is currently owned by institutional investors and hedge funds.
GAN Price Performance
GAN traded up $0.02 during trading hours on Tuesday, reaching $1.86. The company's stock had a trading volume of 287,952 shares, compared to its average volume of 223,844. The business's 50-day moving average is $1.83 and its 200-day moving average is $1.74. GAN has a fifty-two week low of $1.17 and a fifty-two week high of $1.87. The stock has a market cap of $84.76 million, a PE ratio of -6.20 and a beta of 1.96.
GAN (NASDAQ:GAN - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.04 EPS for the quarter. The firm had revenue of $37.10 million for the quarter.
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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