GAN Limited (NASDAQ:GAN) Short Interest Update

GAN Limited (NASDAQ:GAN) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 98,200 shares, an increase of 49.9% from the November 30th total of 65,500 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 200,800 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of GAN

Institutional investors have recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ acquired a new stake in GAN during the 2nd quarter valued at approximately $479,000. Geode Capital Management LLC boosted its stake in shares of 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 during the last quarter. Renaissance Technologies LLC increased its position in shares of GAN by 3.0% during the second quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock worth $1,147,000 after buying an additional 22,700 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in GAN during the third quarter worth $3,676,000. Institutional investors own 16.67% of the company’s stock.

GAN Price Performance

GAN remained flat at $1.83 on Friday. The company’s stock had a trading volume of 206,100 shares, compared to its average volume of 176,264. The stock has a market cap of $83.39 million, a P/E ratio of -6.10 and a beta of 2.00. GAN has a fifty-two week low of $1.17 and a fifty-two week high of $1.87. The firm’s fifty day moving average price is $1.82 and its 200-day moving average price is $1.70.

GAN (NASDAQ:GAN) last released its quarterly earnings data on Friday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $37.10 million during the quarter.

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.