Bragg Gaming Group Inc. (NASDAQ:BRAG - Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 86,800 shares, an increase of 11.7% from the September 30th total of 77,700 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 35,300 shares, the short-interest ratio is currently 2.5 days.
Bragg Gaming Group Stock Performance
Shares of NASDAQ:BRAG traded down $0.06 on Tuesday, hitting $4.78. 42,498 shares of the company were exchanged, compared to its average volume of 44,467. The company's 50 day moving average price is $4.96 and its two-hundred day moving average price is $5.48. The firm has a market capitalization of $119.24 million, a price-to-earnings ratio of -19.58 and a beta of 0.92. Bragg Gaming Group has a one year low of $4.11 and a one year high of $7.00.
Bragg Gaming Group (NASDAQ:BRAG - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.11) EPS for the quarter. Bragg Gaming Group had a negative net margin of 8.51% and a negative return on equity of 11.42%. The firm had revenue of $26.76 million during the quarter. Research analysts predict that Bragg Gaming Group will post -0.15 earnings per share for the current year.
Institutional Investors Weigh In On Bragg Gaming Group
Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in shares of Bragg Gaming Group by 40.7% during the second quarter. Renaissance Technologies LLC now owns 124,700 shares of the company's stock valued at $720,000 after acquiring an additional 36,100 shares during the period. Dimensional Fund Advisors LP bought a new position in Bragg Gaming Group during the 2nd quarter valued at about $200,000. Finally, Marshall Wace LLP acquired a new position in Bragg Gaming Group in the second quarter valued at about $77,000. Institutional investors own 4.04% of the company's stock.
Analyst Upgrades and Downgrades
Separately, JMP Securities reaffirmed a "market outperform" rating and issued a $7.00 target price on shares of Bragg Gaming Group in a report on Monday, October 14th.
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About Bragg Gaming Group
(
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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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