Bragg Gaming Group Inc. (NASDAQ:BRAG - Get Free Report) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 75,300 shares, a decrease of 17.3% from the July 31st total of 91,100 shares. Based on an average daily trading volume, of 40,300 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.4% of the shares of the company are sold short.
Bragg Gaming Group Trading Up 0.4 %
BRAG stock traded up $0.02 during trading hours on Friday, hitting $5.06. 12,110 shares of the stock were exchanged, compared to its average volume of 46,613. Bragg Gaming Group has a 12 month low of $4.05 and a 12 month high of $7.00. The firm has a market capitalization of $126.23 million, a P/E ratio of -21.08 and a beta of 0.93. The company has a 50-day simple moving average of $5.42 and a two-hundred day simple moving average of $5.66.
Bragg Gaming Group (NASDAQ:BRAG - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.11) EPS for the quarter. Bragg Gaming Group had a negative return on equity of 7.44% and a negative net margin of 5.58%. The business had revenue of $26.76 million for the quarter. On average, equities research analysts predict that Bragg Gaming Group will post -0.11 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Oasis Management Co Ltd. bought a new stake in shares of Bragg Gaming Group in the fourth quarter valued at approximately $82,000. Dimensional Fund Advisors LP acquired a new position in Bragg Gaming Group in the 2nd quarter valued at $200,000. Marshall Wace LLP bought a new stake in shares of Bragg Gaming Group during the 2nd quarter valued at $77,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Bragg Gaming Group by 40.7% during the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company's stock worth $720,000 after purchasing an additional 36,100 shares in the last quarter. 4.04% of the stock is owned by institutional investors.
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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