Super League Enterprise, Inc. (NASDAQ:SLE) Short Interest Down 76.8% in March

Super League Enterprise, Inc. (NASDAQ:SLE) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 8,600 shares, a drop of 76.8% from the February 29th total of 37,000 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 73,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Two Sigma Securities LLC purchased a new stake in shares of Super League Enterprise during the second quarter worth about $30,000. Vanguard Group Inc. acquired a new position in Super League Enterprise in the 3rd quarter valued at $36,000. State Street Corp lifted its stake in shares of Super League Enterprise by 9.3% during the 1st quarter. State Street Corp now owns 96,662 shares of the company’s stock worth $182,000 after purchasing an additional 8,198 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Super League Enterprise by 7.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 147,500 shares of the company’s stock worth $277,000 after purchasing an additional 9,760 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Super League Enterprise by 23.3% in the first quarter. Renaissance Technologies LLC now owns 277,780 shares of the company’s stock valued at $522,000 after purchasing an additional 52,576 shares during the period. 2.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of Super League Enterprise in a research report on Thursday.

Super League Enterprise Price Performance

SLE traded down $0.35 during midday trading on Thursday, reaching $2.15. 61,363 shares of the company’s stock were exchanged, compared to its average volume of 73,838. Super League Enterprise has a 1-year low of $0.98 and a 1-year high of $15.39. The stock has a market capitalization of $11.52 million, a PE ratio of -0.13 and a beta of 1.95. The business’s 50-day moving average price is $2.14 and its 200 day moving average price is $1.79.

About Super League Enterprise

Super League Enterprise, Inc builds and operates networks of games, monetization tools, and content channels across metaverse gaming platforms that empower developers, energize players, and entertain fans. The company's solutions provide access to an audience consisting of players in the metaverse environments, fans of various gaming influencers, and viewers of gameplay content across social media and digital video platforms.