GAN Limited (NASDAQ:GAN) Short Interest Update

GAN Limited (NASDAQ:GAN - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 56,800 shares, a drop of 54.0% from the February 28th total of 123,600 shares. Based on an average daily trading volume, of 232,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company's stock are short sold.

GAN Stock Down 0.6 %

GAN traded down $0.01 on Tuesday, reaching $1.76. The company had a trading volume of 109,830 shares, compared to its average volume of 174,119. GAN has a 1 year low of $1.17 and a 1 year high of $1.90. The stock has a market capitalization of $80.60 million, a PE ratio of -5.87 and a beta of 1.96. The stock has a 50-day moving average price of $1.79 and a 200-day moving average price of $1.81.

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

Hedge Funds Weigh In On GAN

A number of institutional investors have recently modified their holdings of GAN. Bank Julius Baer & Co. Ltd Zurich purchased a new position in GAN during the 4th quarter worth $36,000. Jane Street Group LLC acquired a new stake in shares of GAN during the fourth quarter worth about $55,000. AssuredPartners Investment Advisors LLC purchased a new position in shares of GAN during the fourth quarter worth about $62,000. Ridgewood Investments LLC acquired a new position in GAN in the 4th quarter valued at about $95,000. Finally, Rangeley Capital LLC purchased a new stake in GAN during the 4th quarter valued at approximately $182,000. 16.67% of the stock is owned by institutional investors and hedge funds.

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.