Motorsport Games Inc. (NASDAQ:MSGM) Short Interest Down 67.7% in February

Motorsport Games Inc. (NASDAQ:MSGM) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 7,200 shares, a decrease of 67.7% from the January 31st total of 22,300 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 35,400 shares, the days-to-cover ratio is currently 0.2 days.

Motorsport Games Trading Down 0.8 %

Motorsport Games stock opened at $1.20 on Friday. Motorsport Games has a 1-year low of $1.01 and a 1-year high of $4.16. The firm’s fifty day simple moving average is $1.33 and its 200-day simple moving average is $1.29. The company has a market capitalization of $4.53 million, a P/E ratio of 0.74 and a beta of 2.04.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Motorsport Games stock. Citadel Advisors LLC bought a new position in shares of Motorsport Games Inc. (NASDAQ:MSGM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,835 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 0.58% of Motorsport Games as of its most recent SEC filing. 1.66% of the stock is currently owned by institutional investors and hedge funds.

About Motorsport Games

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.