GAN Limited (NASDAQ:GAN) Short Interest Up 107.8% in January

GAN Limited (NASDAQ:GAN - Get Free Report) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 125,100 shares, a growth of 107.8% from the December 31st total of 60,200 shares. Based on an average daily trading volume, of 206,700 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company's shares are sold short.

GAN Stock Performance

Shares of GAN stock remained flat at $1.87 during trading hours on Tuesday. 83,685 shares of the stock traded hands, compared to its average volume of 174,822. The business's 50-day moving average price is $1.85 and its two-hundred day moving average price is $1.77. GAN has a 1-year low of $1.17 and a 1-year high of $1.90. The stock has a market cap of $85.22 million, a price-to-earnings ratio of -6.23 and a beta of 1.97.

GAN (NASDAQ:GAN - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.04 EPS for the quarter. The company had revenue of $37.10 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GAN. Renaissance Technologies LLC raised its stake in shares of GAN by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 777,817 shares of the company's stock valued at $1,147,000 after acquiring an additional 22,700 shares during the period. Geode Capital Management LLC increased its holdings in GAN by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 436,926 shares of the company's stock valued at $774,000 after purchasing an additional 9,260 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in GAN in the third quarter valued at about $3,676,000. Finally, Ridgewood Investments LLC acquired a new position in shares of GAN during the fourth quarter worth about $95,000. 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.