Short Interest in GAN Limited (NASDAQ:GAN) Expands By 52.1%

GAN Limited (NASDAQ:GAN - Get Free Report) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 73,900 shares, a growth of 52.1% from the January 31st total of 48,600 shares. Based on an average daily volume of 240,100 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company's shares are sold short.

GAN Stock Performance

GAN traded down $0.01 on Monday, reaching $1.76. 100,186 shares of the company's stock were exchanged, compared to its average volume of 225,640. GAN has a twelve month low of $1.17 and a twelve month high of $1.90. The company's 50 day moving average is $1.82 and its 200-day moving average is $1.80. The company has a market cap of $80.20 million, a price-to-earnings ratio of -5.87 and a beta of 1.97.

Institutional Investors Weigh In On GAN

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in GAN by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 436,926 shares of the company's stock worth $774,000 after acquiring an additional 9,260 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of GAN in the fourth quarter valued at $36,000. Jane Street Group LLC acquired a new stake in GAN during the 4th quarter valued at $55,000. AssuredPartners Investment Advisors LLC purchased a new stake in GAN during the 4th quarter worth $62,000. Finally, Ridgewood Investments LLC acquired a new position in GAN in the 4th quarter worth $95,000. Institutional investors and hedge funds own 16.67% of the company's stock.

About GAN

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.