Bragg Gaming Group Inc. (NASDAQ:BRAG - Get Free Report) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 155,400 shares, a growth of 57.8% from the October 31st total of 98,500 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 49,000 shares, the days-to-cover ratio is presently 3.2 days.
Analysts Set New Price Targets
Separately, JMP Securities reaffirmed a "market outperform" rating and set a $7.00 price objective on shares of Bragg Gaming Group in a report on Monday, October 14th.
Read Our Latest Analysis on BRAG
Hedge Funds Weigh In On Bragg Gaming Group
A number of institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP purchased a new position in Bragg Gaming Group in the second quarter valued at approximately $77,000. Dimensional Fund Advisors LP purchased a new position in shares of Bragg Gaming Group in the 2nd quarter valued at $200,000. Finally, Renaissance Technologies LLC raised its stake in 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 acquiring an additional 36,100 shares in the last quarter. Institutional investors and hedge funds own 4.04% of the company's stock.
Bragg Gaming Group Stock Performance
Shares of BRAG traded down $0.06 during trading hours on Friday, hitting $3.28. 49,837 shares of the stock were exchanged, compared to its average volume of 47,875. Bragg Gaming Group has a 12-month low of $2.86 and a 12-month high of $7.00. The stock's 50-day moving average price is $4.44 and its two-hundred day moving average price is $5.15. The company has a market cap of $82.03 million, a price-to-earnings ratio of -13.67 and a beta of 0.93.
About Bragg Gaming Group
(
Get Free Report)
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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