Super League Enterprise, Inc. (NASDAQ:SLE) Sees Large Increase in Short Interest

Super League Enterprise, Inc. (NASDAQ:SLE) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 112,900 shares, an increase of 29.2% from the January 31st total of 87,400 shares. Based on an average trading volume of 117,200 shares, the short-interest ratio is currently 1.0 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Trading of Super League Enterprise

A hedge fund recently bought a new stake in Super League Enterprise stock. United Asset Strategies Inc. bought a new stake in Super League Enterprise, Inc. (NASDAQ:SLE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $25,000. United Asset Strategies Inc. owned approximately 0.26% of Super League Enterprise at the end of the most recent quarter. Hedge funds and other institutional investors own 2.06% of the company’s stock.

Super League Enterprise Stock Performance

SLE stock opened at $0.33 on Tuesday. The stock’s 50 day moving average price is $0.58 and its 200 day moving average price is $0.75. The firm has a market cap of $5.55 million, a P/E ratio of -0.06 and a beta of 1.74. Super League Enterprise has a 1 year low of $0.33 and a 1 year high of $2.71.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright cut their target price on shares of Super League Enterprise from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th.

About Super League Enterprise

Super League Enterprise, Inc creates and publishes content and media solutions across immersive platforms in the United States and internationally. The company offers access to audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn, and create. It also provides a range of development, distribution, monetization, and optimization capabilities designed to engage users through dynamic and energized programs.