Gambling.com Group Limited (NASDAQ:GAMB) Short Interest Up 209.0% in February

Gambling.com Group Limited (NASDAQ:GAMB) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 751,100 shares, a growth of 209.0% from the January 31st total of 243,100 shares. Currently, 4.4% of the shares of the company are sold short. Based on an average daily trading volume, of 387,200 shares, the days-to-cover ratio is currently 1.9 days.

Gambling.com Group Stock Performance

NASDAQ GAMB traded down $0.05 during trading hours on Friday, hitting $14.15. The company’s stock had a trading volume of 62,664 shares, compared to its average volume of 408,171. The company has a market cap of $526.71 million, a P/E ratio of 18.10 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50 day simple moving average is $14.68 and its two-hundred day simple moving average is $12.22. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $17.14.

Wall Street Analysts Forecast Growth

Several research firms have commented on GAMB. Truist Financial reaffirmed a “buy” rating and set a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a report on Friday, November 15th. BTIG Research upped their price objective on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a report on Friday, December 13th. Macquarie upped their price target on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Stifel Nicolaus upped their price target on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Jefferies Financial Group upped their price target on Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $16.88.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its position in shares of Gambling.com Group by 1,613.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock valued at $28,000 after buying an additional 1,856 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Gambling.com Group by 1,968.4% during the 4th quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock valued at $34,000 after buying an additional 2,303 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Gambling.com Group by 481.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock worth $35,000 after purchasing an additional 2,038 shares in the last quarter. IFP Advisors Inc purchased a new position in Gambling.com Group in the 4th quarter worth approximately $49,000. Finally, MetLife Investment Management LLC lifted its holdings in Gambling.com Group by 111.2% in the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after purchasing an additional 6,519 shares in the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

Gambling.com Group Company Profile

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.